November 23, 2021
Cadwalader is advising privately-held Portico Capital Advisors (“Portico”) on its definitive agreement to be acquired by financial services firm Cowen, Inc. (NASDAQ: COWN) (“Cowen”). The transaction is expected to close in the fourth quarter of 2021. Financial terms were not disclosed.
Portico is a leading M&A advisory firm focused on the Verticalized Software, Data, and Analytics sector, with offices in New York, Greenwich, and London. Cowen is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. Cowen has key offices in New York, London, San Francisco, Dallas, DACH (Germany, Austria and Switzerland) and Tel Aviv. The Portico team will operate as a new stand-alone sector group within Cowen’s Investment Bank. Members of the Portico team will continue to lead the new sector group.
The cross-border team from Cadwalader’s New York and London offices was led by Corporate partner Daniel Raglan and included partner Joanna Valentine, senior attorney Tyler Carson, associates Peter Bariso, Dmitry Morgan and law clerks Browning Platt, Andrew Rivera and Joshua Perkins; Tax partners Linda Swartz, Jason Schwartz and Adam Blakemore and special counsels Joseph Soltis and Catherine Richardson; Financial Services partners Steven Lofchie and Michael Sholem, senior attorney Mark Highman, associates Matthew Lefkowitz and Jack Kelly and law clerk Marcus Hunter; Intellectual Property partner Dorothy Auth, special counsel Howard Wizenfeld and associate Dash Cole; Antitrust partner Joel Mitnick and counsel Ngoc Hulbig; Litigation special counsel Simon Walsh, associate Charles Munn and staff attorney Gareth Rund; and Real Estate special counsel Michael Anglin.