New York-listed investment bank Evercore has sold its stake in Luminis Partners, ending an almost decade-long shareholding in the Australian advisory firm just as bankers predict deal making will pick up.
Evercore – dubbed Goldman North because of its success, uptown New York headquarters and tendency to hire Goldman Sachs alumni – sold its near-20 per cent shareholding in September, according to filings with the US regulator. Luminis paid a nominal amount to buy back the shares.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
