Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Evercore Partners Is Banking On A Corporate Deal-Making Recovery

Investment bank Evercore Partners (NYSE:EVR) is a mid-tier player in the lucrative mergers and acquisition market. During 2013, the company ranked 12th worldwide for completed transactions (17th in announced deals). This position puts the firm squarely in the middle of pack with a slim chance of someday catching up to larger global heavyweight like Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS).

Yet Evercore can still benefit alongside the rest of the industry if the global M&A market starts to pick up steam. While economists and pundits are talking about this as a likely scenario in 2014, so far there is limited evidence to support that view. It is true that announced transactions for 2013...

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