Largest Independent Broker-Dealer in the Country Agrees To Sell Itself for $2.5 Billion
11.07.05
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Simpson Thacher represented LPL Holdings, Inc. the largest independent broker dealer in the country in a deal to sell the company for $2.5 billion to TPG and Hellman & Friedman. Simpson Thacher attorneys who worked on the deal included Gary Horowitz, Ed Chung, Charlie Rappaport, Ken Edgar, Greg Grogan, Noah Beck, Jack Neumark and Kirsty Mackay. The deal is expected to close by year end.