Ben Hakim has been named the new president of Pershing, taking over from Botta.
Ackman’s Pershing $1B Sale: Internal Reorganization
As part of the transaction, Pershing Square is completing an internal reorganization to transfer ownership of its voting securities to an LLC controlled by senior management, retaining Ackman as the largest shareholder.
Legal Teams
The Simpson Thacher team representing Pershing includes capital markets partners Josh Bonnie and William Golden, regulatory partner David Blass, registered funds partner Ryan Brizek, fund transactions partner Ryan Williams, and tax partners Marcy Geller and Caroline Phillips.
The Skadden team representing the placement agents comprises investment management partner Kevin Hardy and capital markets partner Michael Schwartz.
Additional counsel information was not immediately available.
