Stephens reorganization | Arkansas Blog

Monday, May 22, 2006

Stephens reorganization

Posted By on Mon, May 22, 2006 at 11:00 AM

UPDATE: Note that the Capital Hotel and Stephens Building were omitted from the original news release [posted here, now updated, and are a part of the Stephens holdings staying with Warren Stephens.

 

Since you're talking about money in the billion-dollar range here, we thought we'd immediately pass along news from the Stephens financial organization, absent any insight beyond what the news release contains (readers?):

LITTLE ROCK, AR (May 17, 2006) – The Stephens family announced today a reorganization of their businesses.  To allow more flexibility in future business opportunities, two separate entities will be formed, one to be owned by Warren A. Stephens and one to be owned by Witt Stephens, Jr. and his sister, Elizabeth Stephens Campbell.  Each new company will be used to pursue investment opportunities for the respective families.

As a part of the reorganization, Warren Stephens will acquire from the holding company 100% of Stephens Inc. and all related financial services companies, the Stephens Building and the Capital Hotel.  Stephens Inc. will also continue its historical business of being a private equity investor.  Concurrent with this reorganization, Witt Stephens, Jr. and Elizabeth Stephens Campbell will acquire the Stephens Group, Inc. name and form a new entity to pursue private equity investments on their behalf.  Following the reorganization, the families will remain fifty-fifty partners in the current holding company, which will be renamed SH Corp., and will continue to own and operate existing joint investments, including Stephens Media Group and Stephens Production Company, as well as other private and public investments the families have made over the last seventy-three years.

Warren Stephens said, “This reorganization is a natural evolution in almost all family businesses.  It is not an end, but rather a new beginning.  My father and uncle laid a great foundation which has provided growth and opportunity across the country.  I think our success has exceeded even their expectations.  My cousins and I look forward to focusing our energies on the aspects of business that are important to each of us.”

“Elizabeth and I look forward to the opportunities presented by this reorganization,” said Witt Stephens, Jr.  “This will allow us to pursue our different investment strategies along with joint ventures with Warren.  We are excited about our primary focus being private equity and the strengths of the team we have assembled.”


Favorite

Comments (8)

Showing 1-8 of 8

Add a comment

 
Subscribe to this thread:
Showing 1-8 of 8

Add a comment

More by Max Brantley

  • Wage campaign reports financial backer

    Arkansans for a Fair Wage, the committee backing an increase in the state minimum wage, reported this month a $350,000 contribution from the Sixteen Thirty Fund, a Washington-based nonprofit that has funded advocacy campaigns for social and environmental causes around the country.
    • Aug 15, 2018
  • When Sarah Sanders joined hands with the ACLU

    Pro Publica has a good retelling of a story familiar to most Arkansans — when OBU student Sarah Huckabee linked up with the ACLU to successfully challenge a Democrat's effort to discourage college student voting in Arkadelphia.
    • Aug 15, 2018
  • Wednesday's headlines and the open line

    Medicaid, guns, Satan and racism are covered in today's news roundup. Here's your open line.
    • Aug 15, 2018
  • More »

Readers also liked…

  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017
  • Free Zinn book for Arkansas teachers

    Arkansas teachers! Get your free Howard Zinn book here! Whether Kim Hendren likes it or not.
    • Mar 3, 2017

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation