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Simpson Thacher Represents The Carlyle Group in Acquisition of Highland CLO Management Contracts

02.29.12

Simpson Thacher is acting as counsel to CELF Advisors LLP (“CELF”), a member of The Carlyle Group, in connection with the acquisition by CELF of four management contracts on European collateral loan obligations (“CLOs”) from Highland Capital Management L.P. (“Highland”). According to published sources, these CLOs, now managed by CELF, have approximately €2.1 billion ($2.8 billion) in assets under management.

The Simpson Thacher team for the transaction includes Mike Wolfson, Christina Barnsley and Anaïs Fritz (Corporate), John Creed and Sean Austin (Tax) and David Vann (Antitrust).