Akin Gump Advising Eagle Point as Seller of Marble Point to Investcorp
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(New York) – An Akin Gump team is advising Eagle Point Credit Management, a specialist investment manager focused on investing in CLO securities, portfolio debt securities and other credit investments, as seller of its affiliated CLO business, Marble Point Credit Management, a leading US-based CLO manager, to Investcorp Credit Management, a leading global alternative investment firm.
With $7.8 billion of assets under management, Marble Point is a specialist asset manager focused exclusively on managing CLOs and portfolios of broadly syndicated leveraged loans.
Upon closing of the transaction, Marble Point will combine with Investcorp to form a platform that will manage $22 billion in assets and rank among the top 15 CLO managers globally by AUM.
The transaction, which is expected to close in the first quarter of 2023, is subject to customary regulatory requirements and closing conditions.
To learn more about the transaction, click here.
The deal team was led by structured finance and securitization practice leader Deborah Festa and included corporate partners Brittain Rogers and Michelle Chan. Festa notes, “We are thrilled to represent Eagle Point in this momentous transaction, which leverages the combined strengths of our structured finance, M&A, investment management, and global tax capabilities.”
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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