Evercore Expands Its Chemicals Advisory Franchise with the Recruitment of E. Thomas Massey and Marc van der Lubbe
Evercore (NYSE:EVR) announced today that E. Thomas Massey and Marc van der Lubbe have agreed to join the firm’s Investment Banking business. Mr. Massey will join as a Senior Managing Director and will lead Evercore’s Chemicals advisory franchise globally. Mr. van der Lubbe will join as a Managing Director in the Chemicals Group focusing primarily on Europe. They will both be joining the firm in May 2015 and will be based in the firm’s London office.
Mr. Massey was most recently Head of European M&A for Citigroup and over the course of his 20 years in investment banking has built an extensive track record in chemicals, fertilizers, advanced materials and related commodities. Throughout his career Mr. Massey has advised on some of his clients’ most significant transactions, totaling over $75 billion, including: Basell on its $19.6 billion acquisition of Lyondell; SABIC on its $11.6 billion acquisition of GE Plastics; Sesa Goa on its $6.5 billion reorganization, Solvay on its $6.2 billion sale of its Pharma division to Abbott Laboratories; and Norsk Hydro on its $5.3 billion acquisition of Vale’s aluminium business, amongst others, including for clients such as Akzo Nobel, DSM, Ineos, Israel Chemicals, Kemira, Novozymes, Norske Skog, PhosAgro, Severstal, Sumitomo, Uralkali, and Yara.
Mr. van der Lubbe was most recently a Managing Director at Citigroup where he headed the investment banking franchise for the bank’s chemicals clients in the EMEA region. He originally joined Salomon Brothers in Frankfurt in 1998. Mr. van der Lubbe has worked with a wide range of chemicals companies in the EMEA region over the past 15 years, with selected transactions including advisory to Clariant on the disposal of three business units to SK Capital, DSM on its acquisition of Kensey Nash, Apollo on its acquisition of Taminco, Solvay on the sale of Solvay Pharmaceuticals to Abbott, ICL on the acquisition of Scotts’ Global Pro Business, Sabic on its acquisition of GE Plastics, Basell on its acquisition of Lyondell, and Yara on its acquisition of Kemira GrowHow.
Ralph Schlosstein, Evercore’s CEO, commented, “Chemicals is a large and strategically important global industry. Tom and Marc have an extensive network of relationships throughout the sector on a global basis and have been involved in a number of landmark transactions over the course of their careers. Their arrival will significantly enhance our ability to provide the highest quality advice to clients in this important sector.”
“We are delighted that Tom and Marc will be joining Evercore,” said Andrew Sibbald, Chief Executive of European Investment Banking at Evercore. “We have been steadily building out our sector coverage in Europe and the establishment of a London-led team for our global Chemicals advisory franchise represents an exciting development that will be a strong complement to our existing capabilities in related sectors such as Energy and Metals & Mining.”
Mr. Massey has an MBA from Georgetown University School of Business and a BA in History from College of the Holy Cross. Mr. van der Lubbe has a degree in Business Administration for the financial sector from Vrije Universiteit in Amsterdam.
Evercore is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. Evercore’s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from 28 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company’s website at www.evercore.com.
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