Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
Legg Mason Announces Combination of EnTrust Capital and Permal Group
- Client News
- January 22, 2016
Paul, Weiss client Legg Mason, Inc. announced an agreement to combine its existing hedge fund platform, Permal, with EnTrust, a New York-based independent hedge fund investor and alternative asset manager. As a result of the combination, Legg Mason will own 65 percent of the new entity, branded EnTrustPermal, with 35 percent being owned by Gregg S. Hymowitz, EnTrust's Co-founder and Managing Partner. Completion of the transaction, subject to customary closing conditions, is expected in mid-2016.
The Paul, Weiss team included, among others, corporate partner Steven Williams and counsel Yossie Horwitz and Marta Kelly; tax partner Richard Bronstein; and employee benefits partner Lawrence Witdorchic.