Daily News: January 21, 2014

Simpson Thacher Represents Cetera in Sale to RCS Capital

The Firm is representing Cetera Financial Group in connection with RCS Capital’s announced acquisition of Cetera for $1.15 billion in cash. The closing of the transaction, which is expected later in 2014, is subject to FINRA approval and other customary closing conditions.

The Simpson Thacher team includes Caroline Gottschalk, Elizabeth Cooper, Chi Pan, Shabarika Ajitkumar, Nicole Tague, Yui Hirohashi and Ashley Belton (M&A), James Cross and Richard Kim (Credit), Gary Mandel and Seojung Park (Tax), David Rubinsky, Jeannine McSweeney and Patricia Adams (Executive Compensation and Employee Benefits), Steve DeLott (Insurance and Broker-Dealer), and Lori Lesser and Marcela Robledo (IP).

Cetera is one of the nation’s largest privately held, independent broker-dealer and investment adviser families.