Credit Suisse To Buy Minority Stake In York Capital Management For Initial $425M

Credit Suisse’s asset management division agreed to acquire a minority interest in York Capital Management, which will continue to operate independently under the leadership of founder and CEO Jamie Dina and CIO Dan Schwartz. Credit Suisse will pay an initial $425 million for its interest in York. The transaction includes an earn-out payments based on five-year financial performance.

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