Evercore To Acquire Kuna & Co. - Quick Facts

(RTTNews) - Investment banking advisory firm Evercore (EVR) Wednesday reported the acquisition of Kuna & Co. KG, the Frankfurt-based investment banking advisory boutique, and the appointment of Walter Kuna as Senior Managing Director of Evercore's German advisory business.

Walter Kuna founded Kuna & Co. in 2004 and has built it into a leading independent advisory business focusing on real estate in Germany.

Prior to forming Kuna & Co., he was Managing Director of Lazard Germany, having been a founding partner of Lazard's German M&A advisory business in 1989.

Kuna & Co. is an independent advisory firm with a team of ten professionals. Over its 11 year history, it has advised on more than 25 billion euros of M&A, financing and restructuring transactions, including some of the largest and most complex real estate transactions in Germany over recent years.

Its client base includes international investment firms such as Cerberus and Blackstone, as well as leading German corporates and family offices. Kuna & Co. has also been active in retail and industrials sectors.

The acquisition is expected to be completed at the beginning of July and the business will be rebranded Evercore.