Seward & Kissel Advises First Long Island Investors in its Sale of a Passive Minority Stake to Kudu Investment Management
August 2, 2019
On July 29, 2019, First Long Island Investors, LLC announced that it sold a passive minority stake to Kudu Investment Management, LLC. Seward & Kissel was pleased to represent First Long Island Investors in this investment management industry transaction. Terms of the transaction were not disclosed.
First Long Island Investors is a Jericho, N.Y.-based wealth management company, with $1.6 billion in assets under management, dedicated to providing individualized advice and counseling in the preservation, growth, and administration of liquid and illiquid wealth for high-net-worth individuals, families, and select institutions. Kudu Investment Management, LLC is a New York-based provider of permanent capital solutions to the asset and wealth management industries.
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 accessed here.
For more information about Seward & Kissel’s Business Transaction Group, contact one of the BTG partners below:
Craig Sklar, 212-574-1386, firstname.lastname@example.org
Gerhard Anderson, 212-574-1687, email@example.com