Simpson Thacher Represents Centerbridge Partners in Strategic Investment in Capmark Financial Group
03.06.14
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The Firm is representing affiliates of Centerbridge Partners, L.P. in connection with their agreement to make a strategic investment in Capmark Financial Group Inc. (Capmark), involving a combination of convertible preferred stock and warrants to acquire common stock, and a commitment to purchase up to $100 million of subordinated PIK notes upon certain terms and conditions, the purpose of which is to facilitate Capmark’s plans to pursue one or more acquisitions with assistance from Centerbridge.
Capmark is a real estate finance company focused on the management of its commercial real estate-related assets and businesses.
The Simpson Thacher team includes Wilson Neely, Matthew Rogers, Judy Huang and Wenli Cai (M&A); David Azarkh and Paige Fleming (Capital Markets); Gary Mandel, Jonathan Goldstein and Jodi Sackel (Tax); Greg Grogan and Brittany McCants (Executive Compensation and Employee Benefits); Jonathan Karen, Mark Chorazak and Randy Benjenk (Regulatory); Morris Massel (Bankruptcy); and Zara Ohiorhenuan (Intellectual Property).