M&A – Evercore Partners investment in Atalanta Sosnoff Capital

Atalanta Sosnoff Capital, LLC is a registered investment advisor which manages more than $10 billion of assets for institutional, high net worth and broker advised clients. On March 5, 2010, it was announced that Evercore Partners Inc. (NYSE: EVR), a leading investment banking firm, had agreed to acquire a 49% economic interest in Atalanta Sosnoff for approximately $69 million in cash, with the potential for earn out payments of up to $14.7 million based on 2010 performance. A Seward & Kissel team led by partners James Abbott, Craig Sklar and Paul Miller, and including counsel Peter Pront and Bibb Strench and associates David Lee, Michael O’Brien, Jennifer Pearson, Kristin Switzer and Kathryn Hall, are representing Atalanta Sosnoff and its management team in connection with this transaction.