On Oct. 29, 2018, Kramer Levin client Stone Point Capital announced that investment funds managed by Stone Point Capital have entered into a definitive agreement to acquire the Rialto Investment and Asset Management business from Lennar Corporation for $340 million. The transaction is expected to close on or around Nov. 30, 2018. 

The Kramer Levin team advising Stone Point Capital is led by Corporate partner Howard T. Spilko and includes associates Jonathan D. Goodman, Benjamin A. Edlin and Kevin R. Cipolli; Investment Management / Funds partner Kevin P. Scanlan and associate Emilie Oberlis; Tax partner Barry Herzog and associate Mariya Khvatskaya; Intellectual Property partner Jonathan S. Caplan and associate Rachel M. Jurist; Employment Law partner Robert N. Holtzman, special counsel Izabel P. McDonald and associate Sarah Hanson; Employee Benefits special counsel Avram J. Cahn; and Real Estate associates Josh S. Winefsky and Elisabeth B. Avallone.

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