July 15, 2015

Willkie client Cowen Group agrees to acquire leading provider of prime brokerage services.

On July 15, Willkie client Cowen Group, Inc. announced it had agreed to acquire Concept Capital Markets, LLC, a leading independent provider of prime brokerage services. The transaction is expected to close in the third quarter of 2015.

Cowen Group is a diversified financial services firm that provides alternative asset management, investment banking, research, and sales and trading services. Its two business segments are Ramius and affiliates, which make up the company’s alternative investment segment, and Cowen and Company and affiliates, which comprise the company’s broker-dealer segment.

Concept Capital Markets offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge fund managers, managed account platforms, institutional investors, family offices, and registered investment advisors.

The deal was handled by partners David Boston, Laura Delanoy, Mark Holdsworth and Thomas Meloro, and associates Katie Lynch, Neil Ruben, Tristan Freeman, Santiago Assalini, Andrew Shapiro and Dorna Mohaghegh.

Mark Holdsworth
Mark A. Holdsworth Partner Executive Compensation & Employee Benefits