News & Announcements

Weil Advises Goldman Sachs in Strategic Collaboration with T. Rowe Price

Download

Weil is advising Goldman Sachs in its strategic collaboration with T. Rowe Price aimed at delivering a range of diversified public and private market solutions designed for the unique needs of retirement and wealth investors. As part of the collaboration, Goldman Sachs intends to invest, through a series of open-market purchases, up to $1 billion in T. Rowe Price common stock with the intention to own up to 3.5 percent.

This collaboration will leverage the strengths of both firms, including respective investment expertise, solutions orientations, and a deep understanding of the needs of intermediaries and their clients. A central focus is on providing a range of wealth and retirement offerings that incorporate access to private markets for individuals, financial advisors, plan sponsors, and plan participants.

The Weil team is led by Private Equity partner Brian Parness and includes associates Nicole Chen and Dylan Hans; Capital Markets Co-Head Michael Hickey and partner Barbra Broudy; Antitrust Co-Head Michael Moiseyev and counsel Michael Naughton; Executive Compensation & Benefits partner Sarah Downie; and Private Funds Regulatory partner David Wohl.

Legalese