Graduate and Intern Opportunities 2016 - Evercore
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Evercore is one of the world’s leading independent corporate finance advisory “ businesses. We pride ourselves on We are seeking to attract the quality, objectivity and long term only the most talented and relationship-based nature of our advice and accomplished individuals to our considerable success demonstrates join our team and I strongly that our clients value it very highly too. Our business has been growing rapidly encourage you to find out “ in recent years, particularly in Europe. To more about the opportunities continue to grow and succeed, we seek that Evercore can offer you. to recruit only exceptional individuals that have the potential to offer the highest levels of professionalism and expertise for which we are known throughout our business. Our Graduate programme provides successful candidates with excellent training and support during their first year and this continues throughout their careers with Evercore. While a global firm, with offices and joint ventures around the world, the focus and size of our London office ensures that new Graduates receive immediate exposure to active M&A and capital markets Andrew Sibbald transactions and to the senior executives CEO Europe of the firm.
Table of Contents Who We Are Your Career Takes Off Here Page 1 Page 13 Our Business The Recruitment Process Page 3 Page 14 What we Do at a Glance Investing in You Page 5 Page 15 Insights Our Community, It’s Not All Work Page 7 Page 15 Transactions Page 17 Case Studies Page 18
Who we are Independent Global Advisory Established in 1995, Evercore is a leading global independent investment banking advisory firm. Evercore advises a diverse set of investment banking clients on a wide range of transactions and issues and provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. The firm also offers investment management services to high net worth and institutional investors. With 28 offices in North America, Europe, South America and Asia, Evercore has the scale and strength to serve clients globally through a focused and tailored approach designed to meet their unique needs. More information about Evercore can be found on the Company’s website at www.evercore.com. Evercore has earned a reputation as a leading independent advisory firm by providing exceptional strategic advisory services, execution excellence, and unsurpassed customer service. We have guided many of the industry’s largest, most complex and highest profile transactions. Our now global presence makes Evercore an investment banking firm of choice for prominent multinational corporations, financial sponsors, institutions and wealthy individuals. EVERCORE 1
Today, our offices in the US, the UK, Germany, Spain, Mexico, Brazil, Canada, Hong Kong and Singapore are complemented by strategic alliances with leading firms in China, Japan, India, Korea, Australia and Argentina. 2 EVERCORE
Our Business In Europe Evercore’s investment banking business in Europe provides strategic advisory services on significant mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions to clients in Europe, the Middle East and Africa. As in the US our model in Europe is based on deep industry sector expertise, complemented by specialist practice teams. We currently have seven industry teams covering Financial Institutions, Utilities & Infrastructure, Energy, Healthcare, Metals, Mining & Materials, Chemicals and Technology. We also have dedicated teams providing expert advice on public M&A, Equity Capital Markets Advisory, Debt Advisory and Restructuring. Our growing capital advisory businesses provide advice to managers and investors on fund raising and secondary transactions in the private equity and alternative asset markets. Our team in Europe has been growing steadily over recent years and currently has in excess of 135 bankers in our London, Aberdeen, Frankfurt and Madrid offices. We have been successful in hiring a number of high profile senior bankers in recent years, as we have built out our capabilities, and have been involved in some of the largest and most complex transactions in the market. EVERCORE 3
Evercore seeks talented, team oriented individuals to join our firm. Throughout our organisation, we provide career advancement and leadership opportunities that enable highly motivated individuals to grow and succeed. 4 EVERCORE
What we do At a Glance Equity Capital Markets Real Estate Portfolio Solutions Debt & Restructuring Technology Utilities & Infrastructure Private Capital Advisory Energy Metals, Mining & Materials Financial Services Healthcare Private Funds Group Mergers & Acquisitions Chemicals EVERCORE 5
1 2 3 4 Advisory International Experienced Sustained Focused Business Leadership Growth • High quality advice is • U.S. heritage • Founded by Chairman, • Listed on NYSE in our sole product Roger Altman, in 1995 2006 • Significant • Providing M&A, international • Ralph Schlosstein • Investment restructuring, capital expansion with joined as President Management and markets, fund-raising established and and CEO in 2009 Institutional Equities and strategic advice growing presence in now supplement core • European business Europe, the Americas Advisory business • We do not lend, trade led by Andrew Sibbald and Asia or otherwise risk the since 2011 • Breadth of sector firm’s capital • Ability to execute coverage in the complex and US gradually being crossborder replicated in Europe transactions 6 EVERCORE
Insights Evercore Intern and Analyst positions offer career experiences that we believe are unmatched in the industry. A position at Evercore affords a truly hands-on experience, working side by side with senior executives as they craft strategies, create opportunities and execute transactions on behalf of their clients. Working at Evercore is an opportunity to learn the investment banking business from highly experienced executives within a business that seeks to maintain the highest industry standards. Positions are offered in Evercore’s Advisory business, including M&A, Restructuring, Debt Advisory and in the Private Capital Advisory and Private Funds Groups. We provide rigorous training, ongoing development and ensure access to the firm’s senior executives. EVERCORE 7
“ Why Evercore Eventually, I also think it’s important to just It became apparent to me as early as during the enjoy the analyst journey and not to forget recruitment process what sets Evercore apart from to have fun. It’s the people and culture its competitors. The entire process was very per- that really make the experience; people sonal and I had the chance to gain insights into the company’s engaging and authentic culture from the first moment. The assessment centre was both chal- at Evercore share their knowledge, have a strong focus on teambuilding and care about your development. “ lenging and rewarding but what I valued most is that there were many possibilities to meet some of Ever- core’s employees and to get first hand impressions of their life as an M&A professional. What I do Currently, I work as a 3rd year analyst in the Energy Team. Being part of a sector team has allowed me to gain a deeper understanding of industry trends and the corporate landscape. To date, I have worked on a variety of transactions, buy-side and sell-side as well as capital markets transactions. My steep learn- ing curve has also been fostered by Evercore’s rela- tively small size. Working in lean deal teams enabled me to step up rapidly and to take on a meaningful Laura-Elisa Ulrich role in decision making processes. Skills In my opinion, the most important skills to be a good analyst are a willingness to learn and to have a can- do attitude. Beyond these attributes it is essential to have an analytical mind-set and to be able to cope with a fast-paced environment. ANALYST 8 ENERGY TEAM EVERCORE
“ What skill set is required… Why Evercore… As a graduate analyst you are required to grasp new concepts quickly, assimilating new information and adapting Shortly after joining the graduate to a consistently changing workflow. Having a good programme in the Technology team, I had understanding of corporate finance is a good starting point but intellectual curiosity and critical thinking are vital when the opportunity to interact directly with one working in a fast-paced environment. Finally, an analyst of our clients realising how soon an analyst needs to be reliable, eager to learn and proactive because can receive exposure compared to some junior analyst contribution is highly valued. other financial institutions. This is why I chose Evercore above its competitors; in addition I have been able to work on an entire deal process which I never thought I would experience so early on. “ Describe a typical day as a graduate analyst at Evercore… My typical day is spent creating marketing presentations for existing and potential clients, working on financial and operating models, gathering data from equity research, and tracking specific company developments. I was working on a live mandate in my first month and felt I had made a real impact in the early days as a result. The recruitment process… During my assessment centre I was impressed by the positive attitude senior people have towards the candidates, I noticed their genuine interest in my personality and career aspirations, as well as their commitment to emphasise the firm’s culture. A culture based on excellence, client focus Andrea Motori and independence is embedded in the daily activities. Culture… I’ve taken part in several social events organised by the firm; this allowed me to get involved and strengthen relationships with my colleagues. For instance, we attended a lunch with the CEO of Evercore Europe who provided an update on future developments and enabled us to discuss with him our professional goals and long term plans. ANALYST EVERCORE TECHNOLOGY TEAM 9
“ Why Evercore… I joined the Generalist Team in 2016. Having completed I was looking for a leading company which internships in bulge brackets, I was looking for a leading enables its employees to thrive as an company which enables its employees to thrive as an individual. Given Evercore’s reputation as individual. Given Evercore’s reputation as a leading financial advisor and its people-oriented culture, I could not find better. a leading financial advisor and its people- oriented culture, I could not find better. “ As a junior, you are fully integrated into your team from day one. Over the past few months I have enjoyed a high level of exposure to both senior managers and clients, enhanced by the small team structure we have. It has been a great experience, that comes with high expectations and accountability for the work done but with all the support we need to succeed. Training… Training starts with 6 weeks training in London and New York. It provides analysts with solid basic technical skills it is also a time to get to know your peers. Take that chance and meet people, you may be working on cross-team deals and it is always nice to know the people you are working with. Once at your desk, you are encouraged to try, take initiatives, ask questions and reach for help if needed. What skills are required …? Evercore culture creates a great place for personal development. I enjoy the diversity of the projects I am Clothilde Guittard working on. I work on presentations, financial models and run various analyses, I am also involved in calls and client meetings. One should have some key skills to succeed as an analyst the most important quality is your attitude: keep positive and be eager to learn. To sum-up, Evercore is a great firm where I can work with experienced talented but down to earth bankers. ANALYST 10 GENERAL ADVISORY TEAM EVERCORE
“ Why Evercore What I like about my job... I chose Evercore because of the social and entrepreneurial benefits of working for a small team The learning curve is so steep; it’s amazing in a small firm without any of the reputational trade how much you improve in a matter of off that can come with working for a boutique. You months. Lean deal teams mean that I am quickly realise the strength the Evercore brand often the only Analyst on a deal or a pitch; wields and there are plenty of opportunities to it forces you to take the initiative and I integrate with the company; I’ve been to various have found it to be a major catalyst for dinners and drinks events with the firm, I even spent my development. The fact that Investment a weekend in Wales doing a triathlon for charity with downside but in my experience it has been a great driver in improving my efficiency. “ Banking is high pressure is often cited as a 30 of my colleagues. Useful skills Intellectual curiosity is a really useful trait; you spend a lot of time and effort on the operational side of executing a deal and can often lose track of the bigger picture. Stopping to think and ask questions about the goals of the various parties in a deal, the transaction structure, and the concepts behind the process you’ve gone through can really speed along your development. Daniel Ward Advice to candidates People underestimate the importance of their motivations. You need to be able to demonstrate how you came to apply. Talking about how your learnings from past experiences have informed your ambitions will convey that you have had interesting experiences, have thought critically about them, and that you have a meaningful understanding of the role you are applying for. ANALYST EVERCORE PRIVATE CAPITAL ADVISORY TEAM 11
“ Why Evercore Having worked at two investment banks before, the I was attracted to Evercore by its growth things I have appreciated during my time at Evercore and performance in the past few years. is the exposure you are given from your first day. The ability to work in small deal teams on There is a great culture for teaching others and you the largest deals in a collegiate working are able to learn a huge amount from the bright environment was particularly attractive. individuals around you. This has paid off and I have been able to Having not read a finance-related degree at university, the sheer amount I have learnt in a work closely with the most senior bankers in the team which is extremely rewarding. “ short space of time in investment banking is a key highlight. The fast-paced and challenging nature is something which attracted me and continues to motivate me on a daily basis. What I do As an Analyst, I spend the vast majority of my time on in-depth research into new concepts and companies as well as developing financial analysis and presentation materials for marketing and live project work. As part of the General Advisory team at Evercore, Omar Salih I have been able to experience a broad range of sectors allowing me to analyse companies with differing profiles and characteristics. In the past year, I have been able to work with companies in the consumer, healthcare, industrial and travel industries. ANALYST 12 GENERAL ADVISORY TEAM EVERCORE
Your career takes off here Why you should choose Evercore Evercore Intern and Analyst positions your technical ability, this ensures you offer career experiences that we believe are able to add value to your team early are unmatched in the industry. on using your newly acquired skill set. As with the intern programme, graduates Our 8 week intern programme starts are assigned a buddy to support them with a company induction followed by through the early month of your career. industry training from our specialist training providers. You will be assigned During the course of both programmes, a buddy to support you during your you will have many opportunities to 8 weeks and will receive informal network with your colleagues as Evercore feedback from your team throughout the offers several social events, including our programme, ensuring you get the best annual summer away day, throughout the exposure possible. summer season. Our Graduate programme begins with 6 weeks of training, both technical and soft skills focused. 10 days of the programme will be at our New York office ANALYST Summer 2017 INTERN Summer 2017 where you will have the opportunity to Opening date for applications: Opening date for applications: network with your peers while increasing Monday 5th September 2016 Monday 26th September 2016 Closing date for applications: Closing date for applications: Friday 28th October 2016 Friday 18th November 2016 EVERCORE 13
The Recruitment Process Step 1 Step 3 Step 5 Online Application Online Testing Assessment Day All applications should be made Online numerical and verbal The assessment day is the final stage online at www.evercore.com/careers reasoning tests will follow phone of the process and is made up of team with a CV and Cover Letter attached. interviews if successful. exercises, networking and interviews. We are interested in learning about During the assessment day you will you as a person as well as your meet current investment banking academics. analysts and senior members of staff. Successful applications Face to face interviews will We aim to tell you the result will be invited to take part be arranged for successful of your assessment day as soon as in an initial phone interview applications for those near to possible. Usually by the first working to discuss the application London. Skype interview will day after the assessment day. and your motivation in more be held where face to face detail. interviews are not feasible. Step 4 Step 2 Face to Face / Step 6 Phone Interview Skype Interviews Outcome 14 EVERCORE
Investing in you Benefits we offer EVERCORE 15
Our Community, its not all work Forums, charity & volunteering, social activities Trains depart Liverpool Street every 30 minutes, and it takes 25 minutes from Liverpool Street to Waltham Cross. Once you get to Waltham Cross, it will take approx. 12 minutes to walk to the White Water Centre, see the map for the route; there will also be ushers to direct you. 2016 Away Day Friday15th July 16 EVERCORE
Transactions Since our inception, Evercore has been involved in the largest and most complex transactions, including two of the six largest transactions globally in 2015 US$31bn 2016 US$68bn 2015 US$67bn 2015 US$40bn Ongoing Energy Future Holdings Advising Abbot on its pending Advising Energy Future Holdings acquisition of St Jude Medical Advising DuPont on its pending Advising EMC plc on its sale to on its restructuring affecting over $68 billion merger with Dow Dell and Silver Lake $40 billion of debt Chemical £3.5bn 2015 US$32bn 2015 £844m 2015 US$15bn 2015 Pending Pending Advised Amlin plc on its sale to Advising Shire on its Advised Pearson on the sale of Advising Dubai World on an Mitsui Sumitomo Insurance combination with Baxalta Financial Times to Nikkei Amend & Extend transaction Company affecting its $15 billion of debt EVERCORE 17
Evercore 15 Stanhope Gate London, W1K 1LN 18 EVERCORE
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