Legal DealFolio - Jefferson National Management Buyout

Davis Polk advised Financial Partners Fund (FPF), a unit of Citi Capital Advisors, and a member of an investor group led by FPF, The Stephens Group and Eric Schwartz, a private investor, in connection with the $83 million management buyout of Jefferson National Financial. The executive team behind the management buyout was led by Mitchell H. Caplan, the company's chief executive officer. Jefferson National Financial Corp. is a leading innovator offering products and services for RIAs and fee-based advisers and the clients they serve, utilizing a flexible technology platform, highly efficient operations and cost-effective servicing capabilities. FPF, a unit of Citi Capital Advisors, is a proprietary investment fund that seeks to provide primary, secondary and special situations capital to financial services business. The Stephens Group, LLC, is a private, family owned firm that invests its capital in private and public companies with exceptional management teams resulting in high returns on invested capital in growing industries. Eric Schwartz is a private investor who was a former partner and management committee member of Goldman Sachs until 2007. The Davis Polk corporate team includes partner Leonard Kreynin and associates Sapna Dutta and Kristen L. Haase. Counsel John T. Wright and associate Jessica Lutrin are providing benefits advice. Partner Neil Barr and associate Anthony L. Oliva are providing tax advice. Partner Gregory S. Rowland and associate James Zha are providing asset management advice. All members of the Davis Polk team are based in the New York office.

Deal Date:	26-01-2012	Practice Area:	Corporate and M&A
Deal Title:	Jefferson National Management Buyout	Industry:	Financial Services
Description:	Davis Polk advised Financial Partners Fund (FPF), a unit of Citi Capital Advisors, and a member of an investor group led by FPF, The Stephens Group and Eric Schwartz, a private investor, in connection with the $83 million management buyout of Jefferson National Financial. The executive team behind the management buyout was led by Mitchell H. Caplan, the company's chief executive officer. Jefferson National Financial Corp. is a leading innovator offering products and services for RIAs and fee-based advisers and the clients they serve, utilizing a flexible technology platform, highly efficient operations and cost-effective servicing capabilities. FPF, a unit of Citi Capital Advisors, is a proprietary investment fund that seeks to provide primary, secondary and special situations capital to financial services business. The Stephens Group, LLC, is a private, family owned firm that invests its capital in private and public companies with exceptional management teams resulting in high returns on invested capital in growing industries. Eric Schwartz is a private investor who was a former partner and management committee member of Goldman Sachs until 2007. The Davis Polk corporate team includes partner Leonard Kreynin and associates Sapna Dutta and Kristen L. Haase. Counsel John T. Wright and associate Jessica Lutrin are providing benefits advice. Partner Neil Barr and associate Anthony L. Oliva are providing tax advice. Partner Gregory S. Rowland and associate James Zha are providing asset management advice. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	0.00-100.00
Advised Party:	Private Equity Investor	Law Firm	Davis Polk
Target Company Jurisdiction	United States	Acquiror Jurisdiction	United States
Classification:	Financial Buyer Acquisitions Primary Buy-Out	Lawyer	Leonard Kreynin

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers