Simpson Thacher Represents Lightyear Capital in the Acquisition of RidgeWorth Capital Management
12.11.13
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Simpson Thacher is representing an affiliated investment fund of Lightyear Capital LLC in its announced acquisition of RidgeWorth Capital Management, Inc. from SunTrust Banks, Inc. for a price of up to $265 million. RidgeWorth Capital Management, Inc. is a leading multi-boutique asset management firm with $50.6 billion in equity and fixed-income assets under management as of November 30, 2013. The transaction is expected to close in the second quarter of 2014.
The Simpson Thacher team includes Elizabeth Cooper, Andrew Nightingale, Shelly Lin and Mitchell Ryan (M&A); David Rubinsky, Jeanne Annarumma, Jeannine McSweeney and Patricia Adams (Executive Compensation and Employee Benefits); Jonathan Goldstein and Devin Heckman (Tax); Marissa Wesely, Eli Isak and Karen McClendon (Credit and Banking); and Samantha Himelman (Intellectual Property).