Jaisohn Im Profiled by Bloomberg as a Star Dealmaker in Corporate Debt

Akin head of finance and special situations & private credit partner Jaisohn Im is profiled in Bloomberg’s article “The Star Dealmakers Remaking the Rules of Corporate Debt,” which highlighted a list of star dealmakers in liability management.

In this “new landscape for credit,” Jaisohn is noted as advising lenders in some of the year’s most complex transactions, including Apex Tool Group LLC, an automobile and aerospace manufacturer and Magenta Buyer LLC, the former McAfee Corp.’s cybersecurity unit.

“Getting most creditors officially on board for the deals at varying levels of recovery has become increasingly important to sponsors,” Jaisohn said.

Notably, the Apex Tool Group deal addressed only slightly distressed debt and exchanged it for less than its trading price, marking a trend where healthier companies or their private equity owners seek deals to cut debt while maintaining their ownership stakes and returns.