Announcements
April 07, 2016

Kramer Levin Client Stone Point Capital to Acquire NFP Advisor Services

Kramer Levin is representing Stone Point Capital LLC in its acquisition of NFP’s Advisor Services business, which provides broker-dealer and registered investment advisor support to independent financial advisors. NFP is the fifth-largest global benefits broker by revenue and has 3,600 employees. Under the terms of the agreement, NFP’s Advisor Services business will change its name to Kestra Financial. Stone Point will acquire majority ownership of Kestra, and NFP’s parent will retain a substantial minority ownership stake. The transaction is expected to close in June. The Kramer Levin team advising Stone Point is led by Corporate partner Howard T. Spilko and associate Seth R. Merl, with assistance from Banking and Finance special counsel Mae Rogers and associate Jennifer Li Godyn, Corporate associates Scott A. Abramowitz, Alexander Traum, Caroline Levin and Raymond Hedaya, Insurance partner Daniel Rabinowitz, Intellectual Property counsel Kevin Moss and associate Gabrielle Nagler, Employment Law partner Robert N. Holtzman, Employee Benefits special counsel Avram J. Cahn, Real Estate associate Joshua S. Winefsky, and Tax partner Barry Herzog and associate Rita Celebrezze.

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