October 1, 2008
Willkie advises Neuberger Berman with respect to regulatory matters in connection with its sale to Bain Capital LLC and Hellman & Friedman LLC.
On September 29, it was announced that bankrupt Lehman Brothers Holdings Inc. has struck a deal to sell its Neuberger Berman unit to private equity firms Bain Capital LLC and Hellman & Friedman LLC for $2.15 billion. Willkie advised Neuberger Berman with respect to regulatory matters in connection with the transaction. Neuberger, a 69-year old name on Wall Street, manages more than $230 billion in investments. The transaction marks the last major Lehman unit to be sold off. Willkie also represented Neuberger in its 2003 $2.63 billion sale to Lehman. The current deal was handled by partners Daniel Schloendorn and Rose DiMartino.