Latham & Watkins Represents Neuberger Berman in Acquisition of Minority Stake in Mavis Tire Express Services Corp.

Neuberger Berman, a private, independent, employee-owned investment manager, has announced that Neuberger Berman Alternatives has led the acquisition of a minority stake in Mavis Tire Express Services Corp. Mavis is one of the largest independent tire and service providers in the United States. Proceeds from the investment were used to facilitate Mavis's acquisition of 392 NTB Tire and Service Centers and 203 Tire Kingdom Service Centers, leading tire and service retailers with locations throughout Florida and Texas, as well as other states in the Mid-Atlantic, Midwest, and Southeastern U.S.

Latham & Watkins LLP represented Neuberger Berman in the transaction with a corporate team led by partners Stelios Saffos, Peter Sluka, Jordan Miller, and Andrew Blumenthal, with associate Ariel Gershoig. Advice was also provided on tax matters by partner Pardis Zomorodi; on litigation matters by partner Josh Hamilton; on environmental matters by partner Josh Marnitz, with associate Cody Kermanian; on benefits matters by partner Julie Crisp, with associate Courtney Thomson; and on intellectual property matters by partner Ghaith Mahmood, with associate Nick Goshgarian.