Seward & Kissel advises Emigrant Partners in its Strategic Minority Investment in Parallel Advisors, LLC
May 5, 2020
On May 4, 2020, Emigrant Partners announced that it had made a minority investment in San Francisco-based Parallel Advisors, LLC. Seward & Kissel was pleased to represent Emigrant Partners in connection with this investment management industry transaction.
Parallel Advisors is a financial planning and investment management firm, with approximately $3 billion of assets under management, operating from offices in San Francisco, Dayton, Denver, Honolulu and Oklahoma City. New York-based Emigrant Partners makes non-voting minority investments in wealth, asset and alternative asset management firms, and together with its affiliate Fiduciary Network is currently partnered with 16 firms overseeing more than $50 billion in aggregate AUM and AUA. Its affiliate Emigrant Bank is the largest privately-held, family-owned and operated bank in America.
Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping” and “also handles complex middle-market deals in the media industry and international sell-side M&A.”
The company’s press release describing this transaction can be viewed by clicking here.