Simpson Thacher Represents Octagon Management in Announced Acquisition by Conning
11.06.15
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The Firm negotiated employment, compensation, and equity arrangements on behalf of Octagon Credit Investors, LLC (“Octagon”) in connection with its acquisition by Conning. The transaction is expected to close in early 2016, and is subject to customary regulatory approvals and closing conditions.
Octagon is a New York-based manager of specialized credit asset classes, including collateralized loan obligations, bank loans and high yield bonds. Conning is a global insurance asset management firm. Per the transaction, Octagon will operate as a subsidiary of Conning, supplementing Conning’s best-of-breed capabilities with its experience in investing in below-investment grade markets.
The Simpson Thacher team included Larry Moss, Greg Grogan and Alisa Tschorke (ECEB); and Michael Wolitzer, Luc Jansen and Bryan McGee (Investment Funds).