JP Morgan’s former European head of technology investment banking, Anil Rachwani, has made his first senior hires at Evercore since joining the US advisory boutique a year ago to expand its coverage in the region.
Jefferies managing director Guillaume Taurignan, who joined the firm from UBS in 2010, is due to start at Evercore in August, two people familiar with his hire said.
He will be joined by Citigroup technology banker Mathijn Queis, who will join the team as a director, one of the people said. Queis started at the US bank in 2011 and was previously at Merrill Lynch, according to his LinkedIn profile.
Taurignan oversaw internet and digital media deals while at Jefferies, and will be responsible for expanding the firm’s presence in the internet space. He has advised on a string of high-profile dotcom deals since joining Jefferies, including the sale of Webuyanycar.com to British Car Auctions last year, the sale of online fashion retailer Net-a-Porter to luxury goods group Richemont in 2010, and the initial public offering of online property portal Zoopla in 2014.
The hires, which bring the size of Evercore’s technology team in Europe up to 10, come a year after the firm announced that Anil Rachwani, a JP Morgan managing director who led its technology investment banking team in Europe, the Middle East and Africa, would be joining the firm in London to run its European technology business.
At the time, Evercore’s chief executive of European investment banking Andrew Sibbald said in a statement that the hire would allow the firm to expand coverage of European technology companies and to “create opportunities for cross-border co-operation in related areas such as financial technology, software and travel”.
The team has since advised on private equity firm Exponent’s acquisition of photo printing company PhotoBox, and more recently private equity group EQT’s agreement to acquire a majority stake in Danish software company Sitecore, in a deal valued at around €1 billion.
Evercore’s expansion in London points to the wider trend of US independent advisory firms bulking up in Europe as they push to replicate their success at home. The CEOs of Moelis & Company and Greenhill & Co both reiterated to Financial News in February that they were looking to hire bankers from the big European banks this year.
Spokespeople for Jefferies, Citi and Evercore declined to comment on the moves.
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