SRZ Represents PrinceRidge Holdings in Transaction with IFMI
April 19, 2011
SRZ is representing PrinceRidge Holdings LP (“PrinceRidge”), a New York-based financial services firm, in a transaction with Institutional Financial Markets Inc. (“IFMI”) for IFMI to acquire a majority equity interest in PrinceRidge Holdings LP for $45 million in cash and stock. Under the terms of the agreement, IFMI will contribute the equity interests in a subsidiary comprising a substantial part of its capital markets segment to PrinceRidge in exchange for a majority equity interest in PrinceRidge. The transaction was announced April 19, 2011.
Business transactions partner
David E. Rosewater is leading the SRZ team representing PrinceRidge Holdings, comprised of business transactions partner
Robert B. Loper and associates
Margaret Isa Butler and
Jillian B. Goldberg; investment management and regulatory & compliance partners
David Nissenbaum and
Ida Wurczinger Draim; employment and employee benefits partner
Laurence M. Moss; and tax partner
Philippe Benedict.