Four Decades for Justice
October 09, 2012
On October 9, 2012, Allied World Assurance Company Holdings, AG announced plans to expand its asset management business through the creation of a strategic partnership between MatlinPatterson and Allied World Financial Services Company, Inc., an Allied World subsidiary. Cravath represented Allied World in connection with this transaction. Under the terms of the transaction, Allied World will become a minority owner of MatlinPatterson and will provide growth capital for the continued expansion of MatlinPatterson’s asset management platform. Additionally, Allied World will invest $500 million in certain credit-strategy investment funds managed by MaitlinPatterson.
The Cravath team included partners Craig F. Arcella and Peter S. Wilson and associate Morgan G. Harper on corporate matters; partner Michael L. Schler and associate Matthew O. Williams on tax matters; and partner Eric W. Hilfers and practice area attorney Michael Krasnovsky on executive compensation and benefits matters. Ashley N. Elnicki also worked on corporate matters.
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