LONDON--(BUSINESS WIRE)--Evercore (NYSE:EVR) announced today that Anil Rachwani has agreed to join the firm’s Investment Banking business as a Senior Managing Director in its Technology Group based in the firm’s London office.
Mr. Rachwani, who will be joining Evercore in June, was most recently a Managing Director at J.P. Morgan where he headed their Technology Investment Banking franchise for Europe, Middle East and Africa. He spent 13 years with J.P. Morgan in London and Frankfurt and has extensive experience in advising European Technology companies and private equity companies.
Mr. Rachwani’s recent M&A transactions include advising Exponent on the sale of Trainline.com to KKR, advising Nets on the $3bn sale to Advent, Bain and ATP, advising Amadeus on its $500mm acquisition of Newmarket International, advising Equistone on the €1bn sale of Global Blue to Silverlake and Partners Group, advising Altor on the sale of SPT to Schlumberger, advising Nordic Capital on the $1bn sale of Point to Verifone and advising Amadeus on its €500mm sale of Opodo to AXA and Permira. He has also led a number of IPOs and other capital markets transactions for technology clients such as Amadeus, AVG, CapGemini, CNOVA, Edenred, eDreams Odigeo, Indra, LHS, Misys, Teamsystem, Wall Street Systems and Wincor Nixdorf.
Prior to joining J.P. Morgan, Mr. Rachwani worked at UBS’ TMT Investment Banking Team in London and STAR 21 Networks, a Germany-based broadband and IT service provider where he helped raise over €500mm from Accenture, Bechtel, Deutsche Bank, GE Capital, Nortel Networks, Providence Equity and TPG.
Ralph Schlosstein, Evercore’s Chief Executive Officer, commented, “The addition of Anil Rachwani to lead our European technology franchise is another important demonstration of Evercore’s commitment to building a global and world class technology banking practice. With Anil’s arrival, we will have seven partners in our technology practice based in our New York, Menlo Park and London offices. We see great potential for Evercore’s continuing success in this critically important growth sector on a global basis.” Andrew Sibbald, Chief Executive of European Investment Banking at Evercore, said, “We are delighted that Anil is joining Evercore. We have had considerable success advising European and international clients on technology sector deals in Europe over recent years. The addition of Anil will enable us to expand our coverage of European technology companies and to create opportunities for cross-border co-operation in related areas such as financial technology, software and travel, in which Anil has significant experience.”
Anil Rachwani said, “I am very excited to be joining this world-class, independent advisory platform. The firm has incredible momentum in the global technology sector and I look forward to building on this success to further expand Evercore’s business in Europe.”
Mr. Rachwani has a First-Class Honors BSc/BEng in Engineering and Management from King’s College in London.
Evercore is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. Evercore’s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from 28 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company’s website at www.evercore.com.