Atlas Merchant Capital’s Investment in Ascensus


Barclays acted as the lead financial advisor and J.P. Morgan acted as financial advisor to Ascensus in connection with this transaction. Willkie Farr & Gallagher LLP acted as legal counsel to the company. Debevoise & Plimpton LLP acted as legal counsel to Atlas Merchant Capital and Sidley Austin LLP acted as legal counsel to GIC.

An investor group led by Atlas Merchant Capital LLC acquired 25% of Ascensus. Financial terms weren’t announced. GIC, Singapore’s sovereign wealth fund, is part of the group.

The transaction is expected to close in the first quarter, following regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.

Atlas Merchant Capital has deep operating and technical expertise within the financial services industry. Its philosophy is rooted in long-term commitment and partnership. The Atlas investor group includes GIC, Singapore’s sovereign wealth fund.

Debevoise & Plimpton advised Atlas Merchant Capital with a team led by partner Gregory V. Gooding and including partners Gary M. Friedman, Jonathan F. Lewis, Jeffrey E. Ross and Ramya S. Tiller; counsel Michael D. Devins and Judith L. Church; and associates Claire Hansen Suni, Wesley C. Moore, Zain A. Kazmi, Kevin R. Grondahl, Alexandra P. Grossman and Alison O’Keeffe.

Willkie advised Ascensus on the transaction with a team including Jeffrey Poss, Manuel Miranda, Halie Klein, Thomas Sharkey as well as law clerk Mollie Adam.

Involved fees earner: Judith Church – Debevoise & Plimpton; Michael Devins – Debevoise & Plimpton; Gary Friedman – Debevoise & Plimpton; Gregory Gooding – Debevoise & Plimpton; Kevin Grondahl – Debevoise & Plimpton; Alexandra Grossman – Debevoise & Plimpton; Claire Hansen Suni – Debevoise & Plimpton; Zain Kazmi – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Wesley Moore – Debevoise & Plimpton; Alison O’Keeffe – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Ramya Tiller – Debevoise & Plimpton; Halie Klein – Willkie Farr & Gallagher; Manuel Miranda – Willkie Farr & Gallagher; Jeffrey Poss – Willkie Farr & Gallagher; Thomas Sharkey – Willkie Farr & Gallagher;

Law Firms: Debevoise & Plimpton; Willkie Farr & Gallagher;

Clients: Ascensus; Atlas Merchant Capital LLC;

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Author: Ambrogio Visconti