Lloyd A Sprung has agreed to join the Evercore Partner’s Investment Banking business as a Senior Managing Director. Sprung, who will be based in New York, will focus on advising clients on debt capital markets and corporate restructuring transactions.
Sprung was most recently a Managing Director at Miller Buckfire & Co where he was responsible for leading restructuring, financing and strategic advisory assignments across a variety of industries. With over 17 years of capital markets and restructuring experience, Sprung has advised on numerous significant transactions, notably representing Interstate Bakeries on its bankruptcy restructuring—the Turnaround Management Association Large Company Transaction of the Year in 2009—and Advanstar Communications and Aveos Fleet Performance on their out of court restructurings. Sprung started his career at Merrill Lynch & Co. where he structured, originated and traded debt derivative and commercial real estate products.
“We are extremely pleased to welcome Lloyd to Evercore, adding further depth to our Corporate Restructuring practice,” says Eduardo Mestre, Evercore Vice Chairman. “Lloyd brings an exceptional reputation with deep expertise and senior-level relationships consistent with the quality that Evercore’s clients expect.” “I am delighted to join Evercore’s debt capital markets and restructuring advisory practice and become part of such a tremendous firm with its breadth of respected industry coverage bankers,” says Sprung. “I look forward to working closely with the entire Evercore team to build upon the firm’s demonstrated success in providing exceptional strategic advice on some of the largest and most complex recent debt financing and restructuring transactions.”
Sprung, 41, has an MBA from Harvard Business School where he was a Baker Scholar and a BA in Economics (summa cum laude) from the University of Pennsylvania.