- Category
- Announcements
- Date
- March 04, 2010
- Title
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Kramer Levin Represents Stone Point in Capital Infusion for Pierpont Securities
Kramer Levin client Stone Point Capital LLC invested $100 million in Pierpont Securities LLC, a broker-dealer of Treasury and government agency securities. General Atlantic LLC, also a private equity firm, also invested $100 million. Stone Point and General Atlantic together own a majority of Pierpont. The $200 million capital infusion is expected to support Pierpont's capital base for trading and market-making.
The Kramer Levin team that advised Stone Point included Corporate partner Howard T. Spilko, and Corporate associates Adam S. Karasik and Joshua R. Little; Tax partner Barry Herzog; and Employee Benefits and Executive Compensation special counsel Avram J. Cahn.
The Daily Deal reported on the transaction.
Related People
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Howard T. Spilko
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- Partner
- Co-Managing Partner
- New York
- vcard
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Barry Herzog
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- Partner
- Chair, Tax
- New York
- vcard
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Avram J. Cahn
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- Special Counsel
- New York
- vcard
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