Dechert Advises StoneCastle in Transaction with ArrowMark Partners
February 13, 2020
Dechert LLP advised StoneCastle Asset Management and its parent StoneCastle Partners, LLC, in ArrowMark Partners’ acquisition of StoneCastle Asset Management’s Bank Investment Platform, Stockholder Approval of New Management Agreement and Election of Directors. The transaction was announced in December 2019 and closed on February 12, 2020. In addition to the required stockholder approvals, the transaction was subject to other customary closing conditions which were satisfied.
StoneCastle Financial Corp. is a registered non-diversified, closed-end investment company listed on the NASDAQ Global Select Market under the symbol "BANX.” Its investment objective is to provide stockholders with current income and, to a lesser extent, capital appreciation. StoneCastle Financial Corp. is managed by StoneCastle-ArrowMark Asset Management.
The Dechert team included corporate partners Ken Young and Thomas Friedmann, and associates John Alessi, Jieun Paik, Kenneth Winterbottom and Tu Le; financial services partner William Bielefeld; tax partner Edward Lemanowicz and associate George Davis; employee benefits partner Eric Rubin and associate Sarah Burke; and intellectual property partner Thomas Rayski.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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