BOSTON, November 12, 2015: Morgan Lewis represented Conning®, a leading global insurance asset management firm, in connection with its acquisition of Octagon Credit Investors, LLC, a manager of specialized credit asset classes with expertise in collateralized loan obligations (CLOs), bank loans and high yield bonds.
Based in New York, Octagon has more than 20 years of experience investing in below-investment grade markets, allowing Conning to expand its best-of-breed capabilities for clients globally. Following the closing of the transaction, Octagon will operate as a subsidiary of Conning Holdings Limited (“Conning”) and be governed by its own Board of Managers. The transaction is expected to close early in 2016.
The Morgan Lewis team advising on the transaction was led by partner Gitte Blanchet. The deal team consisted of partners Jeanie Cogill, Daniel Nelson, Michael Schlemmer, Jay Carrigan and Harry Robins; senior counsel Larry Isaacson; of counsel Jill Weintraub, Karen Peteros and Monica Parry; and associates Humberto Padilla, Ayman Haq, Casey August, Erald Sakiqi, Princess Kludjeson and Martin d’Halluin.
Read Conning’s press release here.