Evercore Partners near deal to acquire ISI Group

The ISI purchase would broaden Evercore's investment banking services

Boutique Wall Street firm Evercore Partners is nearing a deal to buy equity research and trading firm International Strategy & Investment Group, according to people familiar with the matter.

ISI is a closely-held New York brokerage that has built its reputation primarily on its research offerings. The deal would represent a major step by Evercore, best known for advising companies on mergers and acquisitions, in expanding to become a broader investment bank.

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