M&A – First Long Island Investors, LLC Sells Minority Stake to Kudu Investment Management LLC

Seward & Kissel represented First Long Island Investors, LLC in connection with its sale of a passive minority stake to Kudu Investment Management LLC. First Long Island Investors is a Jericho, N.Y., based wealth management company 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. The firm, founded in 1983, oversees approximately $1.6 billion in assets as of June 30, 2019. Kudu specializes in providing permanent capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers. Kudu was founded in 2015 and is backed by capital partner White Mountains Insurance Group, Ltd. (NYSE: WTM).

The investment by Kudu will allow First Long Island Investors to continue to manage and control its business, while at the same time bringing First Long Island Investors a top-tier and growing network of partner firms and relationships to leverage they enter their next phase of growth.

For more information about the transaction, please click here.