What significant event did Evercore serve as the independent advisor for in 2010?

In 2010, Evercore acted as the independent advisor for General Motors’ IPO, which marked a pivotal moment not only in the company's history but also in the market at large. This IPO was particularly significant as it represented GM's return to the public markets after emerging from bankruptcy in 2009. The company aimed to raise substantial capital to stabilize its financial standing and undertake a major restructuring aimed at revitalizing its business.

General Motors' IPO was one of the largest in history at that time, reflecting the automotive industry's recovery following the financial crisis. Evercore’s role as an independent advisor was crucial in navigating the complexities of this transaction, providing strategic guidance, and helping to position GM in an increasingly competitive automotive sector. The successful completion of this IPO helped to restore investor confidence not only in GM but also in the automotive industry as a whole, marking a significant turnaround for the company.