NEW YORK, Jan 3 (Reuters) - Tidal Partners, a mergers
and acquisitions advisory firm launched in 2022 by former
Centerview Partners dealmakers, has hired investment banker
Anand Sankaralingam from Evercore ( EVR ), according to people
familiar with the matter.
Sankaralingam, who joined Evercore ( EVR ) in 2014 and is currently
on gardening leave, will start his new role at Tidal Partners
this month and focus on dealmaking in the software industry, the
sources said, requesting anonymity as the matter is private.
Sankaralingam, who will be based in Palo Alto, California,
has advised on deals involving companies such as Palo Alto
Networks ( PANW ), Tesla, Facebook, Yahoo,
Aruba, EverCommerce ( EVCM ), eSentire, and Intapp ( INTA ).
Prior to his stint at Evercore ( EVR ), Sankaralingam was an
engineer at Netflix and Yahoo for more than six years, according
to his LinkedIn profile.
Tidal Partners declined to comment. Evercore ( EVR ) did not respond
to requests for comment.
Palo Alto-based Tidal Partners was started by veteran
technology bankers David Handler and David Neequaye. Their firm,
which employs about 30 people, according to its website, has
advised on notable transactions including Cisco Systems' ( CSCO )
$28 billion acquisition of cybersecurity firm Splunk -
a deal which closed last year.
Tidal Partners has also advised on other deals, including
ServiceNow's ( NOW ) acquisition of G2K Group and Bloom Energy's ( BE )
$550 million convertible notes offering. Last year, the
firm worked with software maker OpenGov on its $1.8 billion sale
to family-owned communications services provider Cox
Enterprises.