Evercore to acquire 45 pct interest in ABS Investment

Reuters – Investment bank Evercore Partners Inc said it will acquire a 45 percent non-controlling interest in privately-owned ABS Investment Management LLC for about $45 million in cash.

Monday’s acquisition is Evercore’s second deal in two weeks. On Oct 31, it partnered with the investment banking arm of India’s Kotak Mahindra Bank for cross-border M&A advisory.

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