Evercore acquired The Lexicon Partnership LLP for Approximately GBP 86 million purchase price (announced); total fair value of purchase price of $62,070 thousand at close, comprising cash and Class A shares, a transaction completed in August 2011, structured as combination (cash and stock).
The Lexicon Partnership LLP operates in Investment Banking - Advisory (Europe / UK), is based in London, United Kingdom, had revenue of about Contributed revenue of $41,637 thousand from the August 19, 2011 acquisition date to December 31, 2011. U.K.-incorporated limited liability partnership advisory firm. Evercore acquired all of the outstanding partnership interests. Lexicon was purchased to expand the Company's advisory capabilities and was fully integrated into Evercore's existing operations during the fourth quarter of 2011.
Lexicon was purchased to expand the Company's advisory capabilities.
Scaled London advisory team to deepen Evercore's European M&A coverage. Goodwill of $44,286 thousand recognized in the Investment Banking segment; Lexicon's operations fully integrated into existing operations during Q4 2011. Fully integrated into Evercore's Investment Banking (advisory) operations
On June 7, 2011, Evercore Partners Inc. entered into a definitive sale and purchase agreement to acquire all of the outstanding partnership interests in The Lexicon Partnership LLP, a U.K. incorporated limited liability partnership ('Lexicon'), for a purchase price of approximately GBP 86 million.Evercore Partners 8-K, Item 1.01 (June 9, 2011)
On August 19, 2011, the Company completed its acquisition of all of the outstanding partnership interests of Lexicon ... In the aggregate, the sellers will receive approximately GBP 46,142, or $76,167, in cash and 1,911 shares of the Company's Class A common stock.Evercore FY2011 10-K, Acquisitions note (dollars in thousands)
Advisory firms were not disclosed for this transaction.