Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 11-12-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | Lightyear Capital LLC Acquisition of RidgeWorth Capital Management | Industry: | Financial Services |
| Description: |
Simpson Thacher is representing an affiliated investment fund of Lightyear Capital LLC in its announced acquisition of RidgeWorth Capital Management, Inc. from SunTrust Banks, Inc. for a price of up to USD265 million. RidgeWorth Capital Management, Inc. is a leading multi-boutique asset management firm with USD50.6 billion in equity and fixed-income assets under management as of November 30, 2013. The transaction is expected to close in the second quarter of 2014.
The Simpson Thacher team includes Elizabeth Cooper, Andrew Nightingale, Shelly Lin and Mitchell Ryan (M&A); David Rubinsky, Jeanne Annarumma, Jeannine McSweeney and Patricia Adams (Executive Compensation and Employee Benefits); Jonathan Goldstein and Devin Heckman (Tax); Marissa Wesely, Eli Isak and Karen McClendon (Credit and Banking); and Samantha Himelman (Intellectual Property).
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| Financial Center: | New York | Value: | 100.01-500.00 |
| Advised Party: | Acquiror | Law Firm | Simpson Thacher |
| Target Company Jurisdiction: | United States | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Elizabeth A Cooper |
