Colony NorthStar Completes Combination with S2K Financial Holdings
May 01 2018 - 6:00AM
Business Wire
Creates Enhanced Retail Investment
Platform
Colony NorthStar, Inc. (“Colony NorthStar”) (NYSE:CLNS)
announced today that the planned combination of its broker-dealer,
NorthStar Securities, LLC (“NorthStar Securities”), and S2K
Financial Holdings LLC (“S2K”) has been completed. The proposed
combination was first announced on December 12, 2017.
The transaction creates a stronger broker-dealer retail
distribution business that will distribute the current product
slate of Colony NorthStar, S2K and future investment products to be
developed by the joint company. The new company, known as Colony
S2K Holdings LLC (“Colony S2K”), has offices in New York and
Denver.
Colony S2K is led by Steven L. Kantor, Chief Executive Officer.
Mr. Kantor has over 30 years of investment banking and capital
markets experience as a senior executive at companies including
Cantor Fitzgerald, Credit Suisse, and Donaldson Lufkin &
Jenrette.
Richard B. Saltzman, President and CEO of Colony NorthStar,
said, “This combination meaningfully strengthens our retail
distribution platform, an area with great potential that is
undergoing significant transformative change. Our primary
opportunity is to offer institutionally based programs designed for
today’s retail investor marketplace. Joining forces with S2K will
help us optimize that result.”
Mr. Kantor added, “Colony S2K will continue acting as both
distributor of financial products and, at times, advisor to the
nation’s leading broker-dealers, registered investment advisors and
investment banks. We are focused on providing individual investors
access to a number of institutional-based investment programs along
with the benefits of a greater variety of suitable investment
products.”
Colony NorthStar and its subsidiaries were represented in this
transaction by Willkie Farr & Gallagher LLP. S2K was
represented by Alston & Bird, LLP.
About Colony S2K Holdings LLC
Colony S2K, the retail distribution platform of Colony
NorthStar, Inc. (NYSE:CLNS), is based in New York and Denver, and
is a wholesale broker-dealer focused on delivering retail
investor-focused financial products through innovative third party
distribution strategies that support independent broker-dealers and
registered investment advisors (RIAs) across the country. The
company is committed to attracting top institutional product
sponsors into the retail space, and is supported in this mission by
its deep bench of senior leaders, who have experience with
institutional capital markets, retail financial product development
and retail financial advice. The company provides due diligence,
operations, administrative and marketing services to institutional
investment managers. For more information, please visit
www.colonys2k.com.
About Colony NorthStar, Inc.
Colony NorthStar, Inc. (NYSE:CLNS) is a leading global real
estate and investment management firm. The Company resulted from
the January 2017 merger between Colony Capital, Inc., NorthStar
Asset Management Group Inc. and NorthStar Realty Finance Corp. The
Company has significant property holdings in the healthcare,
industrial and hospitality sectors, other equity and debt
investments and an embedded institutional and retail investment
management business. The Company currently has assets under
management of $43 billion and manages capital on behalf of its
stockholders, as well as institutional and retail investors in
private funds, non-traded and traded real estate investment trusts
and registered investment companies. The firm maintains principal
offices in Los Angeles and New York, with approximately 500
employees in offices located across 18 cities in ten countries. The
Company will elect to be taxed as a REIT for U.S. federal income
tax purposes. For additional information regarding the Company and
its management and business, please refer to www.clns.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange of 1934, as amended.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking
statements by the use of forward-looking terminology such as “may,”
“will,” “should,” “expects,” “intends,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” or “potential” or the negative
of these words and phrases or similar words or phrases which are
predictions of or indicate future events or trends and which do not
relate solely to historical matters. You can also identify
forward-looking statements by discussions of strategy, plans or
intentions. Forward-looking statements involve known and unknown
risks, uncertainties, assumptions and contingencies, many of which
are beyond the Colony NorthStar’s control, and may cause the Colony
NorthStar’s actual results to differ significantly from those
expressed in any forward-looking statement. Factors that might
cause such a difference include, without limitation, our failure to
achieve anticipated synergies in and benefits of a transaction with
S2K; the impact of changes to organizational structure and employee
composition; the inability to maintain required regulatory
licenses, including FINRA licenses; increased interest rates and
operating costs; adverse economic or real estate developments in
Colony NorthStar’s markets; adverse general and local economic
conditions; an unfavorable capital market environment; and other
risks and uncertainties detailed in Colony NorthStar’s filings with
the U.S. Securities and Exchange Commission (“SEC”). All
forward-looking statements reflect Colony NorthStar’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. Additional information about these and other
factors can be found in Colony NorthStar’s reports filed from time
to time with the SEC.
Colony NorthStar cautions investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak
only as of the date of this press release. Colony NorthStar is
under no duty to update any of these forward-looking statements
after the date of this press release, nor to conform prior
statements to actual results or revised expectations, and Colony
NorthStar does not intend to do so.
This is not an offer to sell or solicitation of an offer to
purchase any security or other investment product.
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version on businesswire.com: https://www.businesswire.com/news/home/20180501005360/en/
Addo Investor RelationsLasse Glassen, 310-829-5400
Colony NorthStar, Inc. (NYSE:CLNS)
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