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Latham & Watkins Advises Neuberger Berman Alternatives in Acquisition of Significant Minority Stake in Entrust Solutions Group

August 8, 2023
Multidisciplinary team represents the investment manager.

Neuberger Berman, a private, independent, employee-owned investment manager, has announced that Neuberger Berman Alternatives has agreed to acquire a significant minority stake in ENTRUST Solutions Group. Neuberger Berman Alternatives will join existing investor Kohlberg & Company, a leading private equity firm based in Mount Kisco, NY, who will retain a majority stake in ENTRUST.

Latham & Watkins LLP advised Neuberger Berman in the transaction with a corporate team led by New York partners Stelios Saffos, Peter Sluka, and Andrew Blumenthal, and Century City partner Jordan Miller, with Boston associate Naomi Smith, and Los Angeles associate Ariel Gershoig. Advice was also provided on tax matters by Century City partner Pardis Zomorodi; on executive compensation and employee benefits matters by Century City partner Julie Crisp, with associate Joseph Benedetto; on IP matters by Los Angeles partner Ghaith Mahmood, with associate Jack Chai; on data privacy matters by Houston counsel Robert Brown II; and on government contracts matters by Washington, D.C. partner Dean Baxtresser.