On September 22, 2023, diversified global financial services platform Marex Group (‘Marex’) announced that it has agreed to acquire Cowen’s legacy prime brokerage and outsourced trading business, as Marex continues to grow and diversify its offering and its client base. Seward & Kissel is pleased to be representing Marex in connection with this cross-border broker-dealer industry transaction.

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the commodities, energy and financial markets. Cowen’s legacy prime brokerage and outsourced trading business is a leading service provider, offering a full range of services including multi-asset-class custody, high and low touch execution, financing solutions, security lending, and related technology solutions, and capital introduction.

Seward & Kissel LLP (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 “regularly acts for private equity firms, international businesses and financial services companies in a huge variety of domestic and cross-border corporate and financing transactions.”

The company’s press release describing this transaction is available here.