Simpson Thacher Represents Medley in Initial Public Offering
10.02.14
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The Firm represented Medley Management Inc. in connection with its initial public offering of 6,000,000 shares of Class A common stock at a public offering price of $18.00 per share. Medley’s Class A common stock began trading on the New York Stock Exchange under the ticker symbol “MDLY” on September 24, 2014.
Medley is a rapidly growing asset management firm with approximately $3.3 billion of assets under management as of June 30, 2014. Medley focuses on credit-related investment strategies, primarily originating senior secured loans to private middle-market companies in the United States that have revenues between $50 million and $1 billion.
The Simpson Thacher team included Josh Bonnie, Edgar Lewandowski, Brian E. Rosenzweig, Alejandro de Ramon-Laca and Chinh Vo (Capital Markets); Ellen Smiley (Public Company Advisory Practice); Marcy Geller and Noah Metz (Tax); and David Rubinsky, Jeannine McSweeney and Joo Hyun Lee (Executive Compensation and Employee Benefits). James Rapp and Alan Langer also provided invaluable assistance.