Transactions


has acquired the Private Client Group of

has acquired the Private Client Group of

Initiator and financial advisor to Lehman Brothers

October 2000

Freeman & Co. Acted as Financial Advisor to Lehman Brothers, Inc.
Date
October 2000
Industry
Asset Management, Broker-Dealer
Transaction
Buy-Side M&A

Lehman Brothers to acquire SG Cowen private client unit

July 14, 2000 - Lehman Brothers has acquired the Private Client Group of SG Cowen.

The deal brings 300 employees of SG Cowen’s private client group, including 140 brokers who serve affluent individuals and pension fund clients, into the Lehman fold. As part of the transaction, Lehman has acquired the $15 billion in assets under management at SG Cowen.