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Evercore Investment Bank to Open Israel Branch

Evercore Investment Bank to Open Israel Branch

Leonard Rosen, CEO of Barclays Israel and former CEO of Lehman Brothers Israel, will head the local branch

Golan Hazani  :  2019-06-26T18:32:27..
New York-headquartered investment banking group Evercore Group LLC. is set to open its first branch in Israel within three to four months, according to one person familiar with the matter who spoke to Calcalist on condition of anonymity. Leonard Rosen is set to head Evercore’s activity in Israel, that person said. Rosen has headed Barclays Israel since 2008 and served as CEO of Lehman Brothers Israel prior to that.

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Evercore declined Calcalist’s request for comment.

Evercore was founded in 1995 and employs some 1700 people in 10 countries, according to the firm’s website. The firm reports playing a role in deals valued at approximately $2 trillion and has advised on some of the most prominent merger and acquisition deals in the U.S. this year. In January, it advised Bristol-Myers Squibb on its $74 billion acquisition of Celgene Corporation. The firm also advised Anadarko Petroleum Corp. when it was acquired by Occidental Petroleum for $57 billion in May. Evercore also played a role in United Technologies Corporation’ $156 billion merger deal with Raytheon Co., which closed earlier this month.

Rosen is considered one of the leading global investment bankers in Israel. Among other deals, he advised Nasdaq-listed consumer electronics company Orbotech Ltd. in its $3.4 billion acquisition by Nasdaq-listed semiconductor company KLA-Tencor Corporation in 2018.

Leonard Rosen. Photo: Amit Sha Leonard Rosen. Photo: Amit Sha'al Leonard Rosen. Photo: Amit Sha

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