Day Pitney represented AlphaCrest Capital Management LLC (AlphaCrest), a quantitative research and technology-driven systematic trading firm based in New York, in connection with (i) the acquisition of a minority ownership interest in AlphaCrest by Brummer & Partners, an alternative investment manager based in Sweden and (ii) an investment by Brummer's BMS Multi-Strategy fund of funds in AlphaCrest Offshore Strategies Fund Ltd., an affiliated offshore feeder fund of the investment manager.
The Day Pitney Investment Management and Private Funds team consisted of Peter Bilfield, Greg Kahn, Mike Cummings and Jeff Kole, along with Steve Ziobrowski on tax matters, Michael Kaufman on finance matters, Cathy O'Connor on intellectual property matters, Howard Fetner on employment matters, and Darren Wallace and Ed Krzanowski on transfer/succession planning matters. Day Pitney also worked on real estate matters. The team negotiated and drafted the terms of all transaction and ancillary agreements, including a strategic relationship agreement, securities purchase agreement, ancillary fund administration and risk parameter documents. The team also negotiated and drafted the terms of the limited liability company agreements of the investment manager and its affiliated general partner, AlphaCrest SA GP LLC, which included advice on succession and transfer tax planning issues. Day Pitney also provided tax and structuring advice for a financing arrangement between Brummer and AlphaCrest in connection with a purchase/sale transaction and negotiated and drafted the terms of the financing arrangements. The team also registered AlphaCrest with the SEC as an investment adviser and worked closely with Swedish counsel on regulatory issues as well as Cayman Islands counsel on compliance with corporate governance issues related to the Cayman Islands feeder fund and master fund and compliance with new Cayman Islands anti-money laundering rules.
The arrival of Steven Wernick and Joseph Ruiz of Wernick & Co to Day Pitney's Miami office was featured in Miami Today's People column. Wernick and Ruiz are joining the firm's real estate, environmental and land use practices as a partner and counsel. Wernick & Co. built its reputation in the Miami area through experience in land use and zoning.
The Day Pitney Real Estate, Environmental, and Land Use Team, led by practice co-chair Katharine Coffey, represented the developers Russo Development, Onyx Equities LLC, and Dinallo Development LLC/Terminal Construction in connection with multiple transactions facilitating the development of Hackensack Meridian Health's $200 million, first-of-its-kind health care facility at Metropark, a mass transit hub in Woodbridge, NJ.
The arrival of Miami Attorneys Steven J. Wernick and Joseph Ruiz was featured in The Real Deal's Movers and Shakers column. Wernick, who joined as a partner, previously founded Wernick & Co, a Miami-based law firm specializing in land use and urban redevelopment.
Day Pitney Partners Stephen Catanzaro, Laurence Smith, and Elizabeth Yoo were featured in New Jersey Law Journal's 2024 New Partners Yearbook, which highlights partners, including lateral partners, made or hired at New Jersey firms.
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The announcement of Day Pitney's most recent step in its commitment to strategic growth in South Florida by adding Steven Wernick and Joseph Ruiz of Wernick & Co. to its Miami office was featured in CityBiz.
Day Pitney Real Estate Partner Steven J. Wernick is featured in the Law360 article, "Revisions Show Fla.'s Dedication To Affordable Housing Law."
The arrival of Miami Real Estate and Land Use Attorneys Steven J. Wernick and Joseph Ruiz were featured in a Law360 article. Wernick and Ruiz joined from Wernick & Co, a land use boutique noted for numerous development projects in Miami's arts-focused Wynwood neighborhood.
The arrival of Miami-based Real Estate Partner Steven Wernick and Joseph Ruiz of Wernick & Co. to the firm's Miami office was featured in Attorney At Law Magazine article, "Day Pitney Continues Growth Trajectory of Corporate Department with Addition of Wernick & Co. in South Florida."
Day Pitney Partners Sebastian M. Lombardi and Evan C. Reese, III, have been named to the 2024 Lawdragon 500 Leading Energy Lawyers list.
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