Seward & Kissel Represents Estancia Capital Partners on its Strategic Investment in Reich & Tang Deposit Networks
December 21, 2021
On December 20, 2021, Estancia Capital Partners announced that it has entered into a definitive agreement to make a significant investment in Reich & Tang Deposit Networks, a leading administrator of reciprocal deposit networks for banks and insured cash sweep programs for broker-dealers and other financial institutions. Seward & Kissel is pleased to have represented Estancia Capital Partners in connection with this financial industry transaction.
Founded in 2010, Estancia Capital Partners is a specialist private equity firm focused on lower-middle market investments in Institutional Quality Asset Management, Wealth Management, Capital Markets Structure and related Business Services and Technology firms. Reich & Tang Deposit Networks offers deposit and liquidity solutions to financial intermediaries around the country.
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 “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.