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.”

From the ArkTimes store

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

Readers also liked…

  • Al Gore remembers Dale Bumpers

    Former Vice President Al Gore, a former U.S. Senate colleague of Dale Bumpers, sent a statement on Bumpers' death Friday:
    • Jan 3, 2016
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • In Little Rock, Marco Rubio sells American exceptionalism

    This is Rubio's axiomatic answer to Donald Trump's insistence that he and he alone will Make America Great Again: America is the greatest, always has been.
    • Feb 22, 2016

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation