Cambodia: Top firm Evercore Asia interested in investment in several key sectors

Evercore's Asia business has expressed its interest in strengthening cooperation with Cambodia in the renewable energy, healthcare and tourism sectors.

The interest was revealed by visiting Keith Magnus, Chairman of Evercore's Asia business, who paid a courtesy call to Cambodian Prime Minister Hun Manet at the Peace Palace here yesterday

The Chairman also praised Cambodia for its development in all sectors and expressed his appreciation for the Royal Government's introduction of the Pentagonal Strategy-Phase 1 to achieve the Cambodia Vision 2050.

Keith Magnus is chairman of Evercore's Asia business, a senior managing director and a member of the firm's Management Committee. At Evercore, he has originated and advised across more than 60 completed deals worth over S$270 billion of deal value.

Evercore is one of the few independent advisors that consistently advises on large-cap transactions. They are one of the fastest growing investment banks globally, having grown revenues at 20% annually over the past decade. They ranked 4th on the list of the most prestigious investment banking firms.

Evercore Inc., formerly known as Evercore Partners,is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.

Evercore advises on mergers and acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and provides institutional investors with macro and fundamental equity research, sales and trading execution. It offers wealth management, institutional asset management and private equity investing.

Evercore is headquartered in New York City and has 28 offices in 11 countries across North America, Europe, South America and Asia, with approximately 1,950 employees.

PM Hun Manet welcomed the company's interest and highlighted Cambodia's energy development policy, with the current use of more than 62% renewable energy and a set target of achieving 70% renewable energy use by 2030.

Furthermore, the Cambodian Prime Minister emphasised the introduction of policies to support the health sector, including the strengthening and expansion of health services within the country.

The Prime Minister also highlighted the Kingdom's numerous other potential areas, such as agriculture, manufacturing, finance and banking. In this regard, he encouraged the company to continue discussions with relevant ministries and institutions and to promote linkages and collaboration between the private sector abroad and in Cambodia.