Evercore Partners has won its first deal from Kraft Foods, alongside long-term advisors Centerview Partners and Goldman Sachs, as the US food giant splits into two businesses.
Kraft said in a statement yesterday that its board intends to create two independent public companies - a snacks business with estimated revenue of $32bn and a North American grocery business with estimated revenues of $16bn using Centerview, Evercore and Goldman Sachs as advisers.