Evercore has agreed to buy ISI’s operating business. No financial terms were disclosed. Also, Evercore is planning on acquiring the approximate 40 percent stake in ISI’s institutional equities business that’s not currently owned by the company. The combined business will be known as Evercore ISI Institutional Equities, an equity research, sales and agency trading firm.

from PE Hub Blog http://ift.tt/1o6dVTh