CNO Financial Group’s Sale of a Minority Interest in Tennenbaum Capital Partners


Simpson Thacher represented CNO Financial Group, Inc. (“CNO”) in connection with the sale of its minority interest in Tennenbaum Capital Partners, LLC.

Terms of the transaction were not disclosed.

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 Simpson Thacher team included Patrick Naughton (Picture) (M&A); and Gary Mandel and Joseph Tootle (Tax).

Involved fees earner: Patrick Naughton – Simpson Thacher & Bartlett; Gary Mandel – Simpson Thacher & Bartlett; Joseph Tootle – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: CNO Financial Group, Inc.;

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Author: Ambrogio Visconti