SRZ represented MKP Capital Management LLC, a diversified alternative investment manager with over $5 billion in assets under management, in its sale of a passive minority interest to Neuberger Berman Group-managed private equity fund Dyal Capital Partners. Under terms of the deal, which was announced on Jan. 8, 2013, Dyal has no control on the investment process or day-to-day operations at MKP. The transaction allows MKP to broaden employee ownership and long-term leadership, as well as develop stronger relationships with Dyal’s institutional clients.
The SRZ team included mergers and acquisitions partner Richard A. Presutti, special counsel Stuart M. Reisman and associate Jillian L. B. Goldberg; tax partner Philippe Benedict and special counsel David S. Griffel, investment management partner David J. Efron, special counsel Neil Robson and associate William E. Kloos. Employment & employee benefits partners David M. Cohen and Laurence M. Moss and associate Jill Goldberg Mintzer also provided counsel on the transaction.
