Morrison Foerster advised Rothschild & Co in connection with its agreement to sell two asset management units to Wintrust Financial Corporation’s subsidiary Great Lakes Advisors, LLC.
The transaction involves the sale of Rothschild & Co Asset Management US Inc. and Rothschild & Co Risk Based Investments LLC (collectively, “Rothschild & Co Asset Management U.S.”), investment managers with approximately $8 billion in assets under management specializing in equity investment strategies for institutional, intermediary and other clients. Upon completion of the transaction, Rothschild & Co Asset Management U.S. will merge into and operate the business as Great Lakes Advisors, LLC. Rothschild & Co is a global, family-controlled, independent group of financial services professionals focusing on global advisory, wealth and asset management, and merchant banking.
The MoFo team advising Rothschild & Co was led by partners Erik Knudsen (Denver; M&A/private equity) and Derek Steingarten (New York; Investment Management), with invaluable assistance from Denver corporate of counsel Evan Leitch, Washington, D.C. corporate associate Thomas Good, and San Francisco corporate associate Daniel Irvin. The wider team included San Francisco technology transactions partner Justin Haan, New York executive compensation partner Joshua Lerner, New York tax partner Dave Sturgeon, Washington, D.C. employment + labor partner Andrew Turnbull, and Boston privacy + data security partner Julie O’Neill.
Read more about the transaction in the companies’ press release.