SRZ Represents Credit Suisse in its Acquisition of a Minority Interest in York
November 16, 2010
SRZ represented the asset management division of Credit Suisse Group AG in its acquisition of a significant non-controlling, minority interest in York Capital Management LP for $425 million in up-front consideration. York partners could also receive additional earn-out payments based on its financial performance over a five-year period. York is a global hedge fund with approximately $14 billion in assets under management. The transaction, the first of its kind to be structured in compliance with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act, closed on Nov. 16, 2010.
Key members of the SRZ team
were business transactions partner
André Weiss and associates
Christopher S. Harrison and
Jillian L. Benda, investment management partner
Steven J. Fredman and associate
Beth Quintana, bank regulatory partner
Joseph P. Vitale, finance partner
Daniel V. Oshinsky, and tax partner
Philippe Benedict and special counsel
David S. Griffel. The team also included members of the firm’s environmental, employment & employee benefits, intellectual property and structured products & derivatives groups.