June 4, 2009
Ramius LLC and Cowen Group, Inc. sign transaction agreement to create a diversified financial services company, operating under the Cowen Group name.
On June 4, it was announced that Willkie client Ramius LLC and Cowen Group, Inc. have signed a transaction agreement to create a diversified financial services company, operating under the Cowen Group name. Under the terms of the agreement, Ramius and an affiliate of a third party investor in Ramius will receive shares of Cowen common stock, representing 71.24 percent of the new company. Cowen shareholders will own approximately 28.76 percent of the new company. Ramius is a privately-owned global alternative investment firm with approximately $7.7 billion of assets under management, invested across a range of alternative investment vehicles. Cowen provides investment banking, equity research, sales and trading, and alternative asset management services to companies and institutional investor clients.
The deal was handled by partners Jack Nusbaum, David Boston, Laura Delanoy, Laurence Weltman, Richard Reinhold, William Hiller, Frank Daniele, Daniel Schloendorn and Elizabeth Gray; of counsel Martin Miller; and associates Manuel Miranda, Sarah Schandler, Lior Hendler, Jason Ertel, Jeni Pepper, Jennifer Wade, Howard Block, Matthew Haddad, Joshua Deason, Marc Lederer, Matthew Comstock and Nelson Wagner.
