financial services

Financial Services M&A

Driving M&A success for the world’s leading financial services companies

Dechert is among the world’s most active law firms in advising financial services companies on significant mergers and acquisitions. We handle the full range of financial services deals, from public M&A transactions to minority investments in investment advisers to assistance with asset purchases that typically accompany fund reorganization transactions.

Clients in the U.S. and around the world turn to us for assistance with:

  • Mergers, acquisitions and divestituresJoint ventures, collaborations and strategic alliances
  • Leveraged buyouts and management buyouts
  • Tender and exchange offers Cross-border transactions
  • Going-private transactions
  • Proxy contests
  • Special committee assignments
  • Spin-offs and lift-outs
  • Minority Investments

Dechert has been top-ranked by the most prominent league tables and legal directories for its investment funds, private equity and M&A practices, including Chambers, The Legal 500, Private Equity International, Bloomberg, Thomson Reuters, IFLR, The Deal and Mergermarket. We have been ranked among the top five law firms based on both number of transactions and value of deals in the asset management and broker-dealer sector by SNL Financial (2016). We also have been recognized as among the top law firms for M&A in Belgium, China, France, Germany, Kazakhstan, Latin America, London, Luxembourg, Russia, South Korea, United Arab Emirates, and the United States by Legal 500 (2017). 

Optimal deal structure, speed-to-market execution

Our financial services M&A lawyers work with our colleagues across the firm to provide clients with time-sensitive, full-service advice on all aspects of a transaction. Our team’s substantial expertise and deep bench allow us to call upon knowledgeable practitioners as needs arise.

Our 360-degree awareness of the most common issues that arise in a deal context allows us to optimize deal structure, ensure speed-to-market execution and protect client interests in every phase of a transaction.

Experience
  • Ameriprise Financial, a financial planning and services company, in its acquisition of Grail Advisors ETF advisory business and in its acquisition of Emerging Global Advisors, LLC, a provider of emerging market smart beta ETFs.
  • ARK Investment Management, a New York-based investment adviser focused on disruptive innovation, in connection with the sale of minority interests to affiliates of American Beacon Advisors, Inc. and Nikko Asset Management.
  • Bank Audi s.a.l., the majority shareholder of LIA Insurance sal, in connection with the sale of 81% of the share capital of LIA Insurance sal to Saham Finances, a Moroccan insurance company.
  • Blackstone Tactical Opportunities Advisors, an opportunistic investing platform that invests globally across asset classes, industries and geographies, in connection with a strategic investment in Condor Trading LP and its broker-dealer subsidiary BTIG LLC.
  • Direktna Banka, a Serbian bank, on the acquisition of Findomestic Bank. Findomestic Bank was, prior to the acquisition, part of BNP Paribas group, one of the largest financial institutions in the world.
  • EnTrust Capital, a privately-held, New York-based fund of funds, in its acquisition by Legg Mason and combination of EnTrust and Permal into a global fund of funds business.
  • Fifth Street CLO Management, a nationally recognized credit-focused U.S. asset manager that provides solutions to small and mid-size businesses, in the sale of its middle market CLO Business to NewStar Financial, Inc.
  • Guggenheim Partners Investment Management, a global investment and advisory firm, in the sale of its subsidiary Rydex Fund Services, LLC to Mitsubishi UFJ Trust and Banking Corporation.
  • Lord, Abbett & Co., one of the oldest money management firms in the United States, in the sale of its 49% equity interest in Lord Abbett China Asset Management Company Limited, a Sino-foreign fund asset management company, to CreditEase Huimin Investment Management (Beijing) Co. Ltd.
  • Mirae Asset Global Investments, an independent asset management firm in Asia, as counsel to buyer on both the M&A and investment management aspects of Mirae’s acquisition of Recon Capital Advisers.
  • Stifel Financial Corp., a diversified financial services holding company, in its acquisition of Eaton Partners, one of the largest independent, partner-owned global fund placement agents.
  • Van Eck Global, a New York-based investment management firm, in its acquisition of certain assets of Lyster Watson Management, Inc. and Marc Freed. Also advised in its acquisition of a 60% interest in Australia Index Investments Pty Ltd., an Australian-based marketer and distributor of exchange-traded funds.
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