25 04 2016

CNO Financial Group, Inc.'s minoryty investment in Tennenbaum Capital Partners

Simpson Thacher represented CNO Financial Group, Inc. (“CNO”) in connection with CNO’s investment in a non-controlling minority membership interest in Tennenbaum Capital Partners, LLC (“TCP”), a Los Angeles-based investment management firm with over $6 billion in committed capital under management.


In addition, the Firm also represented CNO in connection with CNO’s agreement to make general account investments over a period of time of approximately $250 million across TCP’s managed funds and strategies. The commitments include investments in TCP’s direct lending and special situation strategies and a $30 million commitment to its publicly traded business development company, TCP Capital Corp. (NASDAQ: TCPC). CNO is a NYSE-listed holding company (NYSE: CNO) for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The STB Team working on the transaction included Gary I. Horowitz (Picture), Judy Huang and Elliott Im (M&A); John J. Creed and George Davis (Tax); Rajib Chanda and Christopher Healey (Regulatory); John N. Bennett (Funds); and Jamin R. Koslowe (ERISA). Involved fees earner: Gary Horowitz - Simpson Thacher & Bartlett; Judy Huang - Simpson Thacher & Bartlett; Elliott Im - Simpson Thacher & Bartlett; John Creed - Simpson Thacher & Bartlett; George Davis - Simpson Thacher & Bartlett; Rajib Chanda - Simpson Thacher & Bartlett; Christopher Healey - Simpson Thacher & Bartlett; John Bennett - Simpson Thacher & Bartlett; Jamin Koslowe - Simpson Thacher & Bartlett;

LATEST ISSUE
Powered by Share Trading

POPULAR ARTICLES
LE FONTI AWARDS - AWARDING WORLDWIDE CORPORATE EXCELLENCE IN INNOVATION

09/05/2018

LE FONTI AWARDS - AWARDING WORLDWIDE CORPORATE EXCELLENCE IN INNOVATION Read about le

LE FONTI AWARDS 2018 CELEBRATES CORPORATE EXCELLENCES IN HONG KONG

29/03/2018

On March 23rd 2018, the world’s leading corporate stars reunited for a special

LE FONTI AWARDS 2017 CELEBRATES CORPORATE EXCELLENCES IN DUBAI

14/12/2017

On December 14th, 2017, the world’s leading corporate stars reunited for a spec

LE FONTI AWARDS 2017 CELEBRATE CORPORATE EXCELLENCES IN LONDON

23/10/2017

On October 20th, 2017, the world’s leading corporate stars reunited for a speci

Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr