Kudu Acquires Minority Interest in EJF Capital


September 9, 2019

On September 4, 2019, Seward & Kissel client Kudu Investment Management, LLC announced that it had acquired a minority interest in EJF Capital LLC.

Under the terms of the agreement, Kudu Investment Management, LLC (“Kudu”) was issued a passive minority stake in EJF Capital LLC (“EJF Capital”). Kudu’s investment will not affect the day-to-day operations of EJF Capital, which intends to use the proceeds from the investment as strategic growth capital. Terms of the deal were not announced. A Seward & Kissel team led by partners Meir Grossman and Jon Brose, counsel Julia Spivack and Michael O’Brien, and associates Danielle Lemberg, Kristy Choi, Brett Cotler, Jay Baroody, Katherine Porter and Bradley Fay represented Kudu in connection with the transaction.

EJF Capital, headquartered outside of Washington D.C., is a global alternative asset management firm that focuses on regulatory event-driven investing in the real estate and financial sectors. As of June 30, 2019, it manages approximately $7.6 billion in assets and approximately $3 billion in structured products. Barclays Capital Inc. acted as financial advisor to EJF Capital in the transaction.

Kudu, based in New York, is a registered investment advisor that specializes in minority equity investments in asset management firms, wealth management firms, and pooled investment vehicles in the United States, United Kingdom, and Canada. Kudu’s partners include B|O|S, TIG Advisors, Versus Capital and Fair Oaks Capital.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.