Simpson Thacher Represents Primus Financial in Acquisition of Chapdelaine
04.23.10
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The Firm is representing Primus Financial Holdings Ltd. in the acquisition of a controlling interest in Chapdelaine & Co. by a Primus affiliate. Employees of Chapdelaine will own a significant equity stake upon closing of the transaction, which is anticipated later this year after receipt of regulatory approval. The Primus affiliate will also provide or arrange a substantial capital facility for the purpose of funding anticipated growth of the business. Financial terms of the deal were not disclosed.
Chapdelaine & Co. was founded in 1966 and is an industry leader in the inter-dealer/broker fixed income markets servicing dealers and dealer banks throughout the country. In addition, Chapdelaine has a research-driven fixed income division that provide institutional clients with a diverse, vertically integrated credit platform and global reach.
The Simpson Thacher team working on the transaction includes: Brian Stadler, Rhett Van Syoc and Daniel Layfield (M&A); Brian Steinhardt, Jason Lungstrum and Ariel Oxman (Credit); Alvin Brown, Michael Richman and Grace Lin (Executive Compensation and Employee Benefits); Sean Austin (Tax); Phil Culhane and Caitlin Gall (Private Funds); and Lori Lesser (Intellectual Property).