Evercore acquired MJC Associates for $2.0 million cash at closing, $1.0 million cash on each of three closing anniversaries, plus $3.0 million of contingently issuable restricted stock, a transaction completed in July 2010, structured as cash plus contingent restricted stock.
MJC Associates operates in Investment Banking - Commercial real estate advisory, is based in United States. Commercial real estate advisory boutique. The terms included $2.0 million cash payable at closing, $1.0 million cash on each of the three anniversary dates of closing, and $3.0 million of restricted stock contingently issuable based on minimum future revenues.
In April 2010, the Company entered into an agreement to acquire MJC Associates, a commercial real estate advisory boutique. The transaction was consummated on July 8, 2010.
Added commercial real estate advisory capability and client relationships to the Investment Banking segment. Goodwill of $6,183 thousand and intangible assets (client relationships and non-compete) recognized in the Investment Banking segment. Integrated into Evercore's Investment Banking segment
In April 2010, the Company entered into an agreement to acquire MJC Associates, a commercial real estate advisory boutique. The terms of the acquisition include $2,000 of cash payable at the closing, $1,000 of cash payable on each of the three anniversary dates of the closing and $3,000 of restricted stock, which is contingently issuable based on minimum future revenues.Evercore FY2011 10-K, Acquisitions note (dollars in thousands)
Advisory firms were not disclosed for this transaction.