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Evercore and Trilantic form private equity partnership

Evercore Partners and Trilantic Capital Partners have formed an alliance to pursue private equity investment opportunities for Trilantic’s current fund and to collaborate on the future growth of Trilantic’s business.

The relationship leverages the respective strengths of each firm while maintaining each firm’s independence.

Trilantic, a private equity firm focused on middle market investments in North America and Europe, has a track record of investing in and building businesses. Trilantic currently manages two institutional private equity funds with an aggregate capital commitment of approximately USD3.9bn.

Evercore’s M&A and restructuring advisory business and its private equity team will support Trilantic’s future fund raising initiatives.

Under terms of the agreements, Evercore will issue 500,000 restricted share equivalents with a minimum redemption value of USD16.5m on 31 December 2014 in exchange for a minority economic interest in Trilantic’s current global fund.

Evercore also will commit 2.5 per cent, up to USD50m, to Trilantic’s next private equity fund when it is raised, in exchange for a minority economic interest in that fund.

Ralph Schlosstein, Evercore’s president and chief executive officer, says: "This relationship is a great opportunity to leverage the best skills and attributes of both firms – Evercore’s deal flow, intellectual capital and relationships and Trilantic’s investing expertise and available fund capital."

Charles Ayres, Trilantic’s chairman and founding partner, adds: "The principals of Trilantic and our investors believe there is a significant benefit to maintaining a strategic relationship with a leading firm like Evercore. We are optimistic that this venture will create substantial value for both Trilantic and Evercore."

Evercore Capital Partners, led by James Matthews and Neeraj Mital, will continue to independently manage Evercore’s existing private equity funds and will collaborate with Trilantic on new investments as part of the alliance.

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