On July 7, 2020, Seward & Kissel client Kudu Investment Management, LLC announced that it had acquired a minority interest in Sequoia Financial Group, LLC.
Under the terms of the agreement, Kudu Investment Management, LLC (“Kudu”) was issued a minority stake in Sequoia Financial Group, LLC (“Sequoia”). Terms of the deal were not disclosed. A Seward & Kissel team led by partners Meir Grossman and Jon Brose, counsel Julia Spivack, Ross Hooper, and Michael O’Brien, and associates Danielle Lemberg, Kristy Choi, Melissa Matchett, Brett Cotler, Bradley Fay, Steven Starr, Lauren Bresler, and Katherine Porter represented Kudu in connection with the transaction.
Sequoia is an Ohio-based registered investment advisor that provides financial planning, asset management, family wealth and retirement planning. It has approximately $4.7 billion in client assets.
New York-based Kudu is an independent provider of long-term capital solutions to asset and wealth managers. Kudu now has 13 partner firms that collectively invest $57 billion on behalf of clients worldwide.
To read the press release: please click here.