Evercore Adds New Power and Utilities Pro

Evercore Adds New Power and Utilities Pro

evercore f2Investment bank Evercore has hired Laurie Coben as a Senior Managing Director in the firm’s Power and Utilities group. She will be based out of Evercore’s New York office.

“We are pleased to have a banker with Laurie’s track record and substantial experience join Evercore, helping us to develop our capabilities in the power and utilities sector,” said Roger Altman, Evercore’s Executive Chairman. “Laurie very much fits with our business model of developing long-term relationships with clients and having our most senior bankers actively leading the execution of transactions.”

laurie coben nf1Prior to joining Evercore, Ms. Coben was most a Managing Director and the Global Co-Head of the Energy & Power Investment Banking Group at Bank of America Merrill Lynch. She has 30 years of investment banking experience and 21 years experience in the power sector. Ms. Coben has advised her clients on a number of notable strategic transactions including advising PPL (Pennsylvania Power and Light) on its acquisitions of the US business of E.On – a Düsseldorf- based power company; AES on its acquisition of DPL (Dayton Power and Light); and Duke Energy on the acquisition of Progress Energy. She also advised Cinergy on its merger with Duke Energy and the combined company on the spinoff of Spectra Energy. Ms. Coben has a BA in History and Economics from Colgate University and an MBA from Harvard.

“Evercore’s focus on client service and on providing high-quality, differentiated and independent advice is well-known in the marketplace and highly valued by clients,” said Ms. Coben. “As the power and utilities sector continues to evolve and respond to strategic opportunities that result from new technologies, changing regulation, environmental concerns, and changes in the commodity and capital markets, there will be increasing demand for Evercore’s brand of customized, detailed and unbiased advice. I have worked with many senior members of the Evercore team, both across the table on transactions or as colleagues earlier in our careers. I am proud to be joining them.”

Evercore Partners provides advisory services to multinational corporations on mergers, acquisitions, divestitures, restructurings and other strategic corporate transactions. Evercore also has an investment business through which it manages private equity and venture capital funds for institutional investors. Evercore has 28 offices in North America, Europe, South America and Asia and is headquartered in New York (www.evercore.com).

© 2015 PEPD • Private Equity’s Leading News Magazine • 10-12-15

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