Kudu to Acquire Minority Interest in Fair Oaks

INVESTMENT MANAGEMENT DEALS BLOG

January 7, 2019

On December 20, 2018, Seward & Kissel client Kudu Investment Management, LLC announced it had entered into an agreement to acquire a minority interest in Fair Oaks Capital Ltd.

Under the terms of the agreement, Kudu Investment Management, LLC (“Kudu”) will take a passive minority stake in Fair Oaks Capital Ltd. and various affiliates (“Fair Oaks”), offering strategic guidance and support. The transaction is expected to close in the first quarter of 2019, subject to regulatory approval. Further terms of the deal were not disclosed. A Seward & Kissel team led by partners Meir Grossman, Jon Brose, and Greg Cioffi, counsel Julia Spivack and Michael O’Brien, and associates Danielle Lemberg, Kristy Choi, Brett Cotler, Jay Baroody, Michael Stachiw, Sean Flynn, Katherine Porter, Bradley Fay, Rachel Raleigh, and Abhijit Kurup represented Kudu in connection with the transaction.

Fair Oaks is a London-based asset management and advisory firm specializing in collateralized loan obligations in the United States and Europe. It has approximately $2.4 billion in assets under management.

Kudu is a New York-based registered investment advisor that specializes in minority equity investments in asset management firms, wealth management firms, and pooled investment vehicles in the United States and Canada.

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.