Raymond James Financial’s Acquisition TriState Capital Holdings

Skadden, Arps, Slate, Meagher & Flom advised a fund affiliated with Stone Point Capital, a significant shareholder in TriState Capital Holdings, advised by Mayer Brown.

Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital Holdings, Inc. (NASDAQ: TSC) have entered into a definitive agreement under which Raymond James will acquire TriState Capital in a combination cash and stock transaction, valued at approximately $1.1 billion. Under the terms of the agreement, TriState Capital common stockholders will receive $6.00 cash and 0.25 Raymond James shares for each share of TriState Capital common stock, which represents per share consideration of $31.09 based on the closing price of Raymond James common stock on October 19, 2021. 

TriState Capital Holding is a diversified financial services firm providing banking and asset management services to individuals, corporations and municipalities.

Raymond James is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. 

The Mayer Brown team was led by partners Paul Theiss (Picture) and Reb Wheeler and included: Corporate & Securities partner David Schuette and associates Ryan Ferris, Laura McKenzie, Amir Rousta and Shayda Milani; Regulatory Partners Adam Kanter, Marlon Paz and Jeff Taft; Tax partner Jason Bazar and counsel Karen Kim; Labor & Employment partner Ryan Liebl, counsel Kim Leffert and associate Hillary August; Cybersecurity & Data Privacy partner Vivek Mohan and associate Josh Cohen. 

The Skadden team included Financial Institutions and M&A partner Sven Mickisch, counsel Matthew Nemeroff and associate Makala Kaupalolo; Capital Markets partner Michael Zeidel; and Financial Institutions Regulation and Enforcement partner Brian Christiansen (Washington, D.C.). 

Involved fees earner: Hillary August – Mayer Brown; Jason Bazar – Mayer Brown; Joshua Cohen – Mayer Brown; Ryan Ferris – Mayer Brown; Adam Kanter – Mayer Brown; Karen Kim – Mayer Brown; Kim Leffert – Mayer Brown; Ryan Liebl – Mayer Brown; Laura McKenzie – Mayer Brown; Shayda Milani – Mayer Brown; Vivek Mohan – Mayer Brown; Paul Theiss – Mayer Brown; Marlon Paz – Mayer Brown; Amir Rousta – Mayer Brown; David Schuette – Mayer Brown; Jeffrey Taft – Mayer Brown; Reb Wheeler – Mayer Brown; Brian Christiansen – Skadden Arps Slate Meager & Flom; Makala Kaupalolo – Skadden Arps Slate Meager & Flom; Sven Mickisch – Skadden Arps Slate Meager & Flom; Matthew Nemeroff – Skadden Arps Slate Meager & Flom; Michael Zeidel – Skadden Arps Slate Meager & Flom;

Law Firms: Mayer Brown; Skadden Arps Slate Meager & Flom;

Clients: Stone Point Capital LLC; TriState Capital Holdings, Inc.;