Kochanski & Partners, alongside lead counsel Davis Polk & Wardwell, has advised the State Street Corporation on its acquisition of the Investor Services business from Brown Brothers Harriman & Co. Sullivan & Cromwell advised BBH on the matter.
The transaction included the custody, accounting, fund administration, global markets, and technology services operations. It remains contingent on regulatory approval and is expected to close at the end of 2021.
According to Kochanski & Partners, "following the transaction, BBH will continue to independently own and operate its separate private banking and investment management businesses. The value of the transaction is USD 3.5 billion."
The Kochanski & Partners team was led by Senior Partner Rafal Rapala and included Partners Karol Polosak and Anna Gwiazda, Senior Associate Aneta Serowik, and Associates Dominik Karkoszka and Michal Nowodworski.