07
Jun
2011

Anderson Kill & Olick, P.C. advises Pyrander Capital Management, LLC in its sale to Alliance Bernstein


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Pyrander Capital Management, LLC ("Pyrander"), a privately held investment manager and trading advisor with approximately $1.8 billion in fund assets under management, was sold to AllianceBernstein Holding L.P. (NYSE:AB) ("AllianceBernstein") for cash and publicly traded equity in a recently closed transaction.

Anderson Kill was retained in early December 2010 to represent Pyrander and its selling members. Anderson Kill helped to structure, negotiate and close the Purchase Agreement and collateral agreements, and analyzed and advised concerning U.S. tax issues.

Pyrander has several fund strategies including: Equity Growth, a long/short strategy, and Alpha Equity, a long-only strategy, as well as a number of separately managed accounts. Pyrander has been primarily owned and managed by Kurt Feuerman and Caxton Associates L.P. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.

As part of the transaction, client Kurt Feuerman joined Alliance Bernstein’s equity investment-management team as Senior Vice President and Portfolio Manager, US Equities. Prior to joining Caxton in 1998, Kurt Feuerman was a Managing Director of Morgan Stanley & Co., where his responsibilities included managing Morgan Stanley Asset Management's US equity business, and was also previously a Managing Director of Drexel Burnham Lambert.

Anderson Kill represented its clients with a corporate team consisting of Costa N. Kensington, and Wendy Williamson, with tax advice from Phillip England and John Hess, with insurance advice from Charles Lee and assistance from other lawyers in its Employment and Business Law groups.

The sale transaction was successfully closed and funded on May 31, 2011.

About Anderson Kill

Anderson Kill practices law in the areas of Insurance Recovery, Anti-Counterfeiting, Antitrust, Bankruptcy, Commercial Litigation, Corporate & Securities, Employment & Labor Law, Health Reform, Intellectual Property, International Arbitration, Real Estate & Construction, Tax, and Trusts & Estates. Best-known for its work in insurance recovery, the firm represents policyholders only in insurance coverage disputes, with no ties to insurance companies and no conflicts of interest. Clients include Fortune 1000 companies, small and medium-sized businesses, governmental entities, and nonprofits as well as personal estates. Based in New York City, the firm also has offices in Newark, NJ, Philadelphia, PA, Stamford, CT, Ventura, CA and Washington, DC. For companies seeking to do business internationally, Anderson Kill, through its membership in Interleges, a consortium of similar law firms in some 20 countries, can provide service throughout the world.

For more information, please contact:

Carol A. Ueckerman
Communications/Marketing Manager
cueckerman@andersonkill.com

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