State Street $3.5 billion acquisition of Brown Brothers Harriman Investor Services
Davis Polk is advising State Street Corporation on its $3.5 billion acquisition of Brown Brothers Harriman & Co.’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services. Completion of the acquisition is subject to regulatory approvals and customary closing conditions.
State Street is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. Brown Brothers Harriman & Co. is a privately held, global financial services firm founded in 1818 and headquartered in New York City that counts among its clients institutions, privately held companies, families and wealthy individuals which it serves through its three business lines: Investor Services, Investment Management and Private Banking. Brown Brothers Harriman & Co.’s Investor Services business provides cross-border custody, accounting, administration, execution and technology services to many of the world’s leading asset managers and financial institutions.
The Davis Polk financial institutions M&A team includes partners Louis Goldberg, Luigi L. De Ghenghi and Brian Wolfe, counsel Daniel E. Newman and associates Daisy Wu, Dana E. Seesel, Allison N. First and Jenny Dai. Partner Pritesh P. Shah and associate Samantha Lefland are providing intellectual property advice. The executive compensation team includes partner Jeffrey P. Crandall and associate Joseph S. Brown. The tax team includes partner Michael Mollerus. The antitrust and competition team includes partner Howard Shelanski. All members of the Davis Polk team are based in the New York office.