Akin Gump Advises Halcyon Capital Management in Investments by TPG Sixth Street Partners and Dyal Capital Partners
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(New York) – Halcyon Capital Management today announced it has sold minority stakes to TPG Sixth Street Partners (“TSSP”), the global credit and credit-related investment platform, and Dyal Capital Partners, a division of Neuberger Berman Group. Akin Gump served as legal advisor to Halcyon, which is also changing its name to Bardin Hill Investment Partners.
TSSP has made a new minority investment in Halcyon, while Dyal has invested additional capital to increase its existing minority investment, resulting in its ownership stake approaching its initial 2012 investment. Terms of the transaction were not disclosed.
The Akin Gump team advising Halcyon included corporate partner Trey Muldrow, counsel Timothy Clark and associate Ross Karlik; investment management partners Stephen Vine and Arina Lekhel and associate Anna Kapranova; tax partner Patrick Fenn, senior counsel Jonathan Ciner and associate David Holmberg; and executive compensation and employee benefits partner Bruce Simonetti.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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