Clark Capital to Be Acquired by Raymond James

Paul, Weiss is advising Clark Capital Management Group, Inc., a Philadelphia-based asset management firm with over $46 billion in assets under management, in its acquisition by Raymond James Financial, Inc., a financial services company with $1.77 trillion in total client assets. Under the terms of the transaction, Clark Capital will maintain its brand and become an independent boutique investment manager within Raymond James Investment Management, a global asset management company and division of Raymond James Financial. The deal is expected to close by the third quarter of 2026, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners David Hepp and Matthew Collin, tax partner Lindsay Parks and executive compensation partners Christopher Gonnella, and includes corporate partners Aaron Schlaphoff, Jarryd Anderson and Steven Kaye, and counsel Martin Ziessler; executive compensation partner Matthew Friestedt; intellectual property partner Jonathan Ashtor; antitrust counsel Todd Hahn; and litigation counsel Audrey Paquet.