Reverence-backed Advisor Group to buy Ladenburg Thalmann

Advisor Group, a portfolio company of Reverence Capital, agreed to buy Ladenburg Thalmann in a deal valued at about $1.3 billion. Ladenburg Thalmann is a network of five independent broker-dealers. Alex Yavorsky, Ray Bader and Yash Mathur of Jefferies advised Ladenburg on the process, while Alison Ressler, Jared Fishman and Jordan Bunn of Sullivan & Cromwell LLP served as their legal counsel. Eversheds Sutherland, Kirkland & Ellis LLP, and Greenberg Traurig LLP were the attorneys for Advisor Group/Reverence Capital. Bank of America, UBS Securities, Barclays, Deutsche Bank Securities and Goldman, Sachs & Co have committed to provide financing for the deal.

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