Evercore-Backed M&A Boutique Doubles Office Space in Brazil

Seneca Evercore, the Brazilian financial-advisory boutique backed by Evercore Inc., is moving to a new office in Sao Paulo that has twice as much space as its current location.

The shift is needed to accommodate an expanded team the firm needs as it enters into new businesses, according to the company. Specializing in merger-and-acquisition advisory and debt restructuring, Seneca Evercore started this year to structure local bonds as rising interest rates fuel a boom in that market.

The new office is in the Salma Tower in the city’s main financial center, Faria Lima. The firm is leaving its ...