What Seneca Evercore does

Seneca Evercore is an independent Brazilian financial advisory firm founded in 2014 by Daniel Wainstein, Rodrigo Mello, and Isaias Sznifer, all former Goldman Sachs bankers. Originally established as the Brazilian affiliate of Greenhill & Co., the founders bought out Greenhill's stake in 2020 and sold a 20% interest to Evercore Inc., creating the Seneca Evercore brand and securing exclusive rights to the Evercore franchise in Brazil. The firm is headquartered on Avenida Brigadeiro Faria Lima in São Paulo and operates with approximately 35 employees in a senior-heavy, boutique structure.

The firm delivers three core service lines: mergers and acquisitions advisory (buy-side and sell-side mandates plus independent valuation reports), capital markets (equity capital markets, debt capital markets, securitization of CRIs and CRAs, and structured financing), and financial restructuring (debt renegotiation, judicial recovery, and balance sheet optimization). Dealogic ranks Seneca Evercore as the #1 independent M&A advisory firm in Brazil, with US$ 2.7 billion in completed M&A transaction volume compared to Rothschild's US$ 1.8 billion and EY's US$ 1.5 billion. Named mandates span B3's acquisition of Neurotech, the Arco Educação privatization at US$ 1.5 billion, Evertec's acquisition of Sinqia for approximately R$ 2.5 billion, and the Magazine Luiza / Luizaseg transaction with BNP Paribas Cardif.

Revenue is generated entirely through professional services advisory fees tied to M&A execution, capital markets transactions, and restructuring outcomes, with most billing derived from completed operations. The go-to-market is relationship-driven, with senior partners directly engaged on every mandate, and clients are screened for ethical alignment and deal viability. Target segments include companies and corporations (primary), family offices and high-net-worth individuals, corporate executives navigating transformative events, and investment funds seeking independent M&A advisory for portfolio companies. The firm is exploring obtaining a banking license to extend into credit operations, which would represent a fundamental shift from pure advisory into balance-sheet activity.

Name

Seneca Evercore

Legal name

Seneca Advisors

Website

https://www.senecaevercore.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Seneca Evercore is a São Paulo-based independent financial advisory firm specializing in mergers and acquisitions, capital markets, and financial restructuring for Brazilian corporates, family offices, executives, and investment funds, majority-owned by its three founding partners with a 20% stake held by Evercore Inc.

Ownership category

akta.pro rank

Product category

Investment Banking & Financial Advisory Services

NAICS

Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)

akta.pro secondary industries

Fairness Opinions & Independent Financial Advice (BPAHAOAF), Treasury, Capital Structure & Liquidity Advisory (BPAHADAM), Buy-Side M&A Advisory (FSAEAGAB)

Keywords

• Mergers and acquisitions advisory
• Financial restructuring services
• Capital markets advisory
• Independent investment banking
• Corporate financial advisory

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Financial Advisory Fees: Revenue generated through advisory fees for M&A transactions, capital markets operations, and financial restructurings. The firm works on the success and outcomes of client transactions, with most billing derived from completed operations.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Seneca Evercore is a Brazilian financial advisory boutique providing independent advisory services in mergers and acquisitions, capital markets, and financial restructuring for companies, families, individuals, executives, and investment funds. The firm delivers buy-side and sell-side M&A advisory, equity and debt capital markets (ECM, securitization such as CRI/CRA, debentures, FIDCs/FIIs), and financial restructuring including debt renegotiation and judicial recovery support, operating as the exclusive partner of Evercore Inc. in Brazil and leveraging senior-partner-led engagement on every mandate.

Product overview

Seneca Evercore is a Brazilian financial advisory firm offering a unified suite of investment banking and capital markets services, not a software product platform. The core offering consists of M&A advisory (Fusões e Aquisições), financial restructuring, equity capital markets, equity research, and capital markets services including asset securitization and structured financing. The firm operates in partnership with Evercore, leveraging global reach while maintaining independent advisory services for companies, families, individuals, executives, and investment funds.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking (Advisory) Comprehensive financial advisory services including capital raising, buy-side and sell-side advisory, and financial restructuring and balance sheet optimization, delivered through a partnership with Evercore, the world's largest independent investment bank. Targeted at Brazilian corporates, families, individuals, executives and investment funds seeking bespoke investment banking advice.
• Fusões e Aquisições — M&A Advisory Mergers and acquisitions advisory services providing buy-side and sell-side transaction support, valuation opinions, and strategic transaction guidance for Brazilian companies. Examples include exclusive sell-side mandates (Neogrid, Cone Air Hubs, Itajubá Investimentos, Shoulder, Manchester Investimentos, Vinci Partners, Magnetis, Leal Equipamentos, Magazine Luiza, Jasmine Alimentos, Ourinvest Real Estate, Jive, Perfin, Monte Bravo, Grupo Case, Supplier, Ourinvest DTVM), buy-side advisory (Evertec's acquisition of Sinqia), privatization defense (Arco Educação for Special Committee at US$14.00 per share / US$1.5 billion valuation), and valuation reports (CVM-compliant laudos).
• Financial Restructuring (Reestruturação Financeira) Financial restructuring advisory services helping companies renegotiate debts with creditors and navigate judicial recovery processes. Targeted at companies facing challenging capital-structure or debt-sustainability situations in the Brazilian market.
• Equity Capital Markets (ECM) Equity capital markets advisory including IPO support, follow-on offerings, and equity placement services for Brazilian issuers.
• Equity Research Equity research services providing market analysis and strategic insights for investment decisions.
• Mercado de Capitais — Capital Markets (Securitization & Structured Financing) Capital markets services including asset securitization (CRI, CRA), debt capital markets (debentures), structured financing operations, and investment funds (FIDCs, FIIs). Targeted at issuers and originators in the Brazilian capital markets seeking bespoke structured solutions.

Quantifiable outcome

• US$ 2.7 billion in M&A transactions completed in one year, ranking #1 among independent firms in Brazil
• +3 more outcomes

Named customers20 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Huma CapitalminorStrategic or Co-development PartnerHuma Capital partnered with Seneca Evercore and Aerotrópolis (Cone Air Hubs) in structuring the financing for the first phase of a logistics condo and truck center at Fortaleza International Airport.
• BNP Paribas CardifminorOthersBNP Paribas Cardif partnered with Magazine Luiza in a new operational and distribution agreement for insurance products. Seneca Evercore advised Magazine Luiza on the transaction, which included the sale of Magazine Luiza's stake in Luizaseg to BNP Paribas Cardif.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BR Partners: Brazilian independent investment bank providing M&A advisory, capital markets, and restructuring services to corporate and institutional clients. Most directly comparable to Seneca Evercore in scale, positioning, and client base within the Brazilian independent advisory market.
• Rothschild & Co (Brazil): Global independent advisory firm with a long-standing Brazil practice offering M&A and restructuring advice. Direct competitor cited explicitly in Dealogic league tables alongside Seneca Evercore (US$1.8B vs Seneca's US$2.7B).
• Lazard (Brazil): Global independent advisory firm with significant Brazil M&A practice. Competes with Seneca for high-end independent advisory mandates in Brazil, with overlapping client base among publicly listed corporates, families, and investment funds.
• Greenhill & Co: Global independent M&A advisory firm that was Seneca's prior affiliation (Seneca was the Greenhill Brazil affiliate until 2020). Direct peer in independent advisory positioning and the original platform from which the founding partners emerged.
• Banco Modal: Brazilian mid-market-focused investment bank offering M&A advisory and capital markets services. Comparable to Seneca in the boutique segment, though typically focused on smaller transaction sizes.

Broad incumbents

• Itaú BBA: Largest Brazilian investment bank, part of Itaú Unibanco, offering integrated M&A, ECM, DCM, and lending capabilities. Competes with Seneca on mid- and large-cap mandates where integrated balance sheet is a differentiator.
• BTG Pactual: Largest independent investment bank in Latin America, frequently on the opposite side of Seneca-advised transactions (e.g., acquired Magnetis, Manchester Investimentos, and Perfin strategic partnership). Competes broadly for advisory mandates with full-stack capabilities.
• Banco Bradesco BBI: Investment banking arm of Banco Bradesco, one of the largest Brazilian banks. Provides integrated M&A and capital markets services and is a direct competitor for corporate advisory mandates in Brazil, leveraging the broader Bradesco franchise.
• Goldman Sachs (Brazil): Global bulge-bracket investment bank with a Brazil practice. Seneca's founding partners are former Goldman senior bankers, and Goldman is a direct competitor for the largest Brazilian M&A mandates and a key source of cross-border deal flow.
• Morgan Stanley (Brazil): Global bulge-bracket investment bank with a Brazil M&A and capital markets practice. Competes for premium advisory mandates in Brazil with full-stack capabilities, including ECM, DCM, and equity research.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/senecaevercore

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seneca Evercore