AllianceBernstein and AllianceBernstein Holdings in their $750 million acquisition of CarVal Investors

On March 17, 2022, AllianceBernstein L.P. and AllianceBernstein Holding L.P., a leading research and global investment firm, announced they will acquire CarVal Investors L.P., a leading global private alternatives investment manager.  AB has entered into a definitive agreement to purchase 100% of CarVal for an upfront purchase price of $750 million, and a multi-year earnout if certain targets are reached.  Wachtell, Lipton, Rosen & Katz served as legal counsel to AB.