Penn Mutual to Sell Janney Montgomery Scott to KKR

Penn Mutual to Sell Janney Montgomery Scott to KKR

Client News

Related Solutions

WilmerHale has played a leading role in shaping the rules that govern the financial services industry in the United States.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.

On July 23, 2024, KKR, a leading global investment firm, and The Penn Mutual Life Insurance Company announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Janney Montgomery Scott LLC from Penn Mutual. Tracing its roots to 1832, Janney is a leading wealth management, investment banking and asset management firm. Janney has over $150 billion in assets under administration, with more than 900 financial advisors providing financial planning, asset allocation, retirement planning and other financial advice and services to clients across 135 offices in the US.

The WilmerHale team advising Penn Mutual was led by Stephanie Evans, Andy Alin and Susan Schroeder and includes JC Minko, Virginia Pavlick, Wei Xiao, Bruce Newman, Tim Silva, Bill Caporizzo, Laura Schneider, Scott Kilgore, Ciara Baker, Lee Greenfield, Chalyse Robinson, Michael Held, Jeff Johnson, Simona Altshuler, Makenzie Way, Isabel Dai, Eliza Gonzalez and Oliver Fleischmann.

 

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel