The Firm is representing Hellman & Friedman in connection with its announced acquisition of a majority interest in Edelman Financial Services. Following the transaction, Edelman’s senior management team and current majority owner, Lee Equity Partners, will retain a meaningful equity interest in Edelman. The terms of the transaction were not disclosed.
Edelman Financial Services is one of the largest independent financial planning firms in the nation. The firm provides financial planning and investment management services to more than 28,000 individuals and families and manages more than $15 billion in assets. The firm also provides 401(k) plans and institutional investment management for businesses.
The Simpson Thacher team includes Atif Azher, Chad Skinner, Simon Chiu, Frederick De Albuquerque, Caroline Newton and Duncan Taylor (M&A); Brian Steinhardt, Matthew Farrell and Adam Weiner (Credit); David Rubinsky, David Mollo-Christensen, Douglas Tang, Joo Hyun Lee and Leah Segall (Executive Compensation and Employee Benefits); Jason Vollbracht and Noah Metz (Tax); Mark Tannahill, Robert Guo and Colin Osiecki (Private Funds); Marcela Robledo and Monica Chan (Intellectual Property); Tim Mulvihill and Noreen Lavan (Environmental); and Peter Thomas and William Kearney (Competition).