Colony NorthStar Inc. has signed a nonbinding letter of intent with S2K Financial Holdings LLC to combine Colony NorthStar's broker/dealer NorthStar Securities LLC with S2K.
The proposed deal would include Colony NorthStar contributing NorthStar Securities in exchange for a majority ownership interest in S2K, which would be rebranded as Colony S2K Holdings LLC. Colony S2K would distribute the current and future investment product slate of Colony NorthStar and S2K.
Colony S2K will have offices in Denver and New York and is expected to include senior leadership representation from the legacy NorthStar Securities team. Steven Kantor will lead Colony S2K as CEO. Kantor previously was global head of investment banking and co-founder of CCRE at Cantor Fitzgerald LP, global head of securities and alternative investments at Credit Suisse and head of the real estate investment banking and financing divisions at Donaldson Lufkin & Jenrette.
Subject to the negotiation and execution of definitive transaction documents, the proposed deal is expected to close in the first quarter of 2018.
Willkie Farr & Gallagher LLP is representing Colony NorthStar. Alston & Bird LLP is representing S2K.
S2K is the holding company of S2K Financial LLC and S2K Servicing LLC.
