Skadden Arps Advises Goldman Sachs in Major Deal

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Skadden Arps recently advised Goldman Sachs in a major deal that has the potential to reshape the financial landscape. The deal, which was announced on August 7, 2019, involves Goldman Sachs taking a majority stake in United Capital Financial Partners, Inc., a financial services firm that has over $20 billion in assets under management.

The deal is a major move for Goldman Sachs, which is looking to expand its presence in the financial services industry. The acquisition gives Goldman Sachs a larger foothold in the wealth management space, allowing them to serve more clients and provide more comprehensive services.

Skadden Arps provided legal advice to Goldman Sachs throughout the transaction. Skadden Arps’ team was led by partners Steven J. Steinman and Robert B. Schumer, along with associates Eric S. Anderson and Michael S. Kresch.

Skadden Arps has a long history of advising Goldman Sachs. The firm has provided legal advice to the investment bank on a variety of matters, including corporate matters, securities offerings, and mergers and acquisitions. This most recent deal is just one of many that Skadden Arps has advised Goldman Sachs on.

The deal between Goldman Sachs and United Capital Financial Partners is expected to close in the fourth quarter of 2019. Once the deal is completed, Goldman Sachs will have a majority stake in United Capital Financial Partners and will be able to expand its presence in the financial services industry.

Skadden Arps’ experience in advising Goldman Sachs on major deals is a testament to their expertise in the financial services industry. The firm’s ability to provide legal advice on complex transactions is invaluable to Goldman Sachs, and their advice is sure to be instrumental in helping the investment bank reach its goals.