Davis Polk advised Nomura Securities International, Inc. as representative of the initial purchasers in connection with a Rule 144A offering by Cowen Group, Inc. of an aggregate principal amount of $149.5 million of 3% cash convertible senior notes due 2019. In addition, Davis Polk advised Nomura Global Financial Products Inc. as counterparty to cash convertible note hedge and warrant transactions with Cowen Group, Inc. in connection with the cash convertible senior notes offering.
Cowen Group, Inc., is a diversified financial services firm formed in 2009. Its Ramius business segment is an alternative investment platform with approximately $9.4 billion of assets under management. Its broker-dealer businesses include research, brokerage and investment banking services to companies and institutional investor clients.
The Davis Polk capital markets team included partner Joseph A. Hall and associate Felipe Duque. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Jonathan Armstrong and Mark J. DiFiore. Partners Lucy W. Farr and Rachel D. Kleinberg and associate Aaron M. Weil provided tax advice. Partner Lanny A. Schwartz and associate Zachary J. Zweihorn provided financial institutions advice. Members of the Davis Polk team are based in the New York, Washington DC and Menlo Park offices.
