SRZ represented Credit Suisse on the sale of Strategic Partners to Blackstone Group LP. Strategic Partners is the dedicated secondary private equity arm of Credit Suisse Group and has raised over $11.5 billion in capital commitments since the inception of its platform in 2000.
As a recognized leader in the secondary private equity business, Strategic Partners purchases private equity interests from existing investors seeking liquidity. Terms of the deal, which was announced on April 22, 2013 and is expected to close by the end of the third quarter, were not disclosed. The SRZ deal team included mergers & acquisitions partner Christopher S. Harrison and associates Lawrence P. Natke and Michael Vogel; investment management partners Steven J. Fredman and Joseph A. Smith and special counsel Russel Perkins; tax partner Philippe Benedict and associate Lauren DeMasi; employment & employee benefits partners David M. Cohen and Laurence M. Moss; and intellectual property, sourcing & technology partner Robert R. Kiesel and special counsel Scott M. Kareff.
