Source: https://www.willkie.com/services/industries/financial-services
Timestamp: 2019-04-21 04:08:59+00:00

Document:
Willkie has an extensive history in all aspects of the financial services industry, representing U.S. and international banks, credit card companies, private equity funds, hedge funds, investment firms and advisers, as well as other financial institutions.
MasterCard: Represent MasterCard in the settlement of the interchange-fee class actions, the disputes regarding that settlement, and the numerous opt-out cases. The interchange-fee litigation has been described as the largest in the history of the Sherman Act.
Silver Lake Technology Management: Represent Silver Lake Technology Management in defense of a putative class action brought by shareholder plaintiffs who claim that various private equity firms conspired to constrain the share price of public companies purchased through a leverage buy out.
Warburg Pincus: Represent Warburg Pincus in numerous matters relating to antitrust litigation, counseling, and compliance.
Arden Asset Management: Represented Aberdeen in its agreement to acquire Arden Asset Management, a hedge fund solutions provider.
ETF Securities U.S.: Represented Aberdeen in its acquisition of ETF Securities U.S.
FLAG Capital Management, LLC: Represented Aberdeen in its agreement to acquire FLAG Capital Management, a manager of private equity and real asset solutions.
Hark Capital: Represented Aberdeen in its acquisition of Hark Capital, a specialist financing company providing loans to mid-life and end of life private equity and venture capital funds, from Enhanced Capital Group.
Aeolus Capital Management: Represented Aeolus, its founder and management team in the acquisition of a controlling interest in Aeolus by Elliott Management.
Apex Group/Custom House: Represented Apex Group, a portfolio company of Genstar Capital and one of the world's largest fund solutions providers, in its acquisition of Custom House, a leading global hedge fund administrator.
Apex Group/M.M.Warburg & CO: Represented Apex Group on its acquisition of Warburg’s Asset Management and Servicing Business in Luxembourg.
Aquiline Capital Partners/Genstar Capital/Ascensus: Represented Aquiline Capital Partners and Genstar Capital in their acquisition of Ascensus, the country’s largest independent service provider of retirement and college savings plans, from private investment firm J.C. Flowers & Co.
Asset International/Market Metrics, Matrix Solutions: Represented Genstar Capital portfolio company Asset International in its acquisition of Market Metrics and Matrix Solutions from FactSet.
Colony Capital/HB2 Energy: Represented Colony Capital in its joint venture with HB2 Energy to form Colony HB2 Energy, an energy-focused investment management platform.
Colony Capital/NorthStar: Represented Colony Capital in its $17 billion merger of equals with NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. to create Colony NorthStar, Inc., with $58 billion of assets under management.
CEFC China: Represented Cowen in a $100 million equity investment (and $175 million debt financing) by CEFC China.
Concept Capital Markets: Represented Cowen in its agreement to acquire Concept Capital Markets, a leading independent provider of prime brokerage services.
Conifer Securities: Represented Cowen in its agreement to acquire Conifer Securities the prime services division of Conifer Financial Services LLC.
Convergex: Represented Cowen in its acquisition of Convergex, a leading agency-focused global brokerage and trading related services provider, from private equity firm GTCR, Bank of New York Mellon and other equity holders for $116 million.
CRT Capital: Represented Cowen in its acquisition of CRT Capital’s credit products, credit research, special situations and emerging market units.
Quarton International: Represented Cowen in its agreement to acquire privately held Quarton International, a leading global financial advisory company serving the middle market.
iCapital Network: Represented Deutsche in its agreement to sell its US Private Equity Access Fund Platform to iCapital Network.
Raymond James Financial: Represented Deutsche in its agreement to sell its U.S. Private Client Services unit to Raymond James Financial.
Dyal Capital/HPS Investment Partners: Represented Dyal Capital Partners, a division of Neuberger Berman, in connection with its acquisition of a minority equity stake in HPS Investment Partners, a leading global credit investment manager with over $45 billion in assets under management.
Franklin Templeton Investments/Benefit Street Partners: Represented Franklin Templeton Investments in its acquisition of alternative credit manager Benefit Street Partners.
AFO-2: Represented Genstar and Apex on the acquisition, with SALU Capital and Inlife Holding, of Luxembourg private equity fund AFO-2.
Apex Group: Represented Genstar in its agreement to recapitalize independent fund administrator Apex Fund Services.
Case Interactive Media/Asset International: Represented Genstar in its acquisition of Case Interactive Media/Asset International, a leading provider of data, information and marketing solutions to the global asset management industry.
Cetera Financial: Represented Genstar in its agreement to acquire a majority stake in Cetera Financial Group, a leading network of nearly 8,000 financial advisors.
Deutsche Bank Alternative Fund Services Business: Represented Genstar and Apex in Apex’s agreement to acquire the Deutsche Bank Alternative Fund Services business.
Equinoxe: Represented Genstar in its agreement to acquire Equinoxe Alternative Investment Services.
Ipes: Represented Genstar and Apex on the acquisition of Ipes, a private equity fund administrator with operations in Europe, from Silverfleet Capital.
ISS: Represented Genstar, in partnership with management, in its acquisition of Institutional Shareholder Services (ISS) from Vestar Capital Partners for $720 million.
Link Asset Services: Represented Genstar and Apex in the acquisition of the corporate and private clients business of Link Asset Services, a division of the Australian listed Link Group.
Mercer Advisors: Represented Genstar in its agreement to acquire a majority interest in Mercer Advisors, a leading registered investment advisor.
GoldenTree Asset Management/HSH Nordbank/Private Investor-Led Consortium: Represented GoldenTree Asset Management as part of an investor-led consortium in the acquisition of German state bank HSH Nordbank for €1 billion.
Ivory Investment Management/Affiliated Managers Group: Represented Ivory Investment Management, a U.S.-based hedge fund manager, in its sale of a minority interest to Affiliated Managers Group.
Mercer Advisors/Kanaly Holdings: Represented Mercer Advisors, a portfolio company of Genstar Capital, in its acquisition of Kanaly Holdings, creating one of the largest U.S. independent wealth managers.
Neuberger Berman/Cartesian: Represented investment manager Neuberger Berman in its acquisition of insurance-linked strategies manager Cartesian Re (developed as a portfolio company of Cartesian Capital Group) and affiliated reinsurer Iris Re.
OppenheimerFunds/VTL Associates: Represented OppenheimerFunds in its acquisition of VTL Associates, which manages $1.7 billion for investors across eight exchange traded funds (ETFs) and its separate accounts.
Compass EMP: Represented Victory in its acquisition of Compass Efficient Model Portfolios, LLC.
Harvest Volatility Management: Represented Victory in its deal to acquire Harvest Volatility, one of the world’s leading derivative asset management firms, with approximately $12 billion in assets under management.
Munder Capital Management: Represented Victory in its acquisition of Munder Capital Management.
RS Investments: Represented Victory in its agreement to acquire RS Investments from The Guardian Life Insurance Company of America.
USAA Asset Management Company: Represented Victory in its deal to acquire USAA Asset Management Company.
Virtus Investment Partners/RidgeWorth Investments: Represented Virtus Investment Partners in its agreement to acquire RidgeWorth Investments, a multi-boutique asset management firm, as well as in the related financing.
Aberdeen Asia-Pacific Income Fund, Inc.: Advised Aberdeen Asia-Pacific Income Fund, Inc. in connection with its $600 million revolving credit facility and its $200 million term loan facility.
Bank of America: Represented Bank of America as Agent Bank for $1.5 billion financing to Host Hotels & Resorts.
Green Tree Credit Solutions: Advised Green Tree Credit Solutions, a portfolio company of Centerbridge Partners, in connection with its $380 million senior secured financing led by Deutsche Bank and Credit Suisse.
Walter Investment Management Corp.: Represented Walter Investment Management Corp. in acquisition of $30 billion of mortgage servicing rights from a large national depository.
Bank of America, N.A./Patriot Coal Corporation: Represent Bank of America, N.A., as administrative agent under Patriot’s prepetition first lien credit facility, as administrative agent and letter of credit issuer under Patriot’s $302 million “second out” DIP letter of credit facility, and as a joint lead arranger and letter of credit issuer under Patriot’s $500 million “first out” DIP revolving credit and term loan facility.
Monarch: Represented creditor Monarch (f/k/a/ Quadrangle) in the chapter 11 case of Calpine.
Monarch Alternative Capital LP: Represented Monarch Alternative Capital LP in connection with its numerous financings, complex claims acquisitions, investment vehicle formations, swap transactions, joint ventures, distressed investment opportunities and arbitrage advice.
Monarch Alternative Capital LP, Stonehill Capital Management LLC, Bayview Fund Management LLC, CQS ABS Master Fund Limited and CQS ABS Alpha Master Fund Limited: Represent substantial RMBS investors in connection with the chapter 11 cases of Residential Capital, LLC and its affiliated debtors (“ResCap”) and the state insurance law rehabilitation proceedings of Federal Guaranty Insurance Corporation (“FGIC”).
Bayerische Hypo-und Vereinsbank AG: Represented the syndicate banks led by JPMorgan and Lehman Brothers in the capital increase by way of rights issue of Bayerische Hypo- und Vereinsbank AG.
CURO Group Holdings Corp.: Represented CURO, a technology-enabled highly diversified consumer finance company, in its $690 million offering of 8.250% Senior Secured Notes due 2025 and its $93 million IPO. Also represented CURO and the selling stockholders in a secondary offering of common stock.
$2.5 billion public debt offering.
public offering of $4.5 billion aggregate of debt securities to finance its $9.1 billion acquisition of SunGard.
Virtus Investment Partners: Represented Virtus Investment Partners in the public offerings of common stock and mandatory convertible preferred stock in connection with its acquisition of RidgeWorth Investments.
American Express: Advised with respect to customer and employee data security breaches and compliance with federal, state, and international data breach notification laws. Also advised client on GLBA, FCRA/FACT Act, CAN-SPAM, and a wide range of other federal and state data privacy and security laws in connection with the launch of many consumer products and services.
Netspend: Provided senior executive representation on employment matters for Austin, Texas-based Netspend, a processing and marketing services provider for private and proprietary MasterCard and Visa prepaid debit cards.
Patriarch Partners: Provided senior executive representation for Patriarch, a private equity firm specializing in the takeover of distressed manufacturers.
Associated Community Bancorp, Inc.: Representing Connecticut-based Associated Community Bancorp, Inc. and its banking subsidiaries (together, “Associated”) in an insurance coverage dispute with St. Paul Mercury Insurance Company (“St. Paul”), Associated’s professional liability insurance carrier.
In re Bennett Companies Investors Litigation: Represented defendant broker in a $570 million securities class action arising out of alleged accounting irregularities and Ponzi scheme at Bennett Funding.
Citigroup: Represented the outside directors of Citigroup Inc. in Zucker v. Rubin, a shareholder derivative litigation action alleging that Citigroup’s directors breached their fiduciary duties in relation to Citigroup’s alleged manipulation of the London InterBank Offered Rate (LIBOR). We also secured a dismissal for the outside directors in Moskal v. Pandit, a shareholder derivative action arising out of Citigroup’s negative say-on-pay vote, and Brautigam v. Rubin, a stockholder derivative claim alleging fraudulent mortgage servicing practices.
Citigroup: Obtained a victory for Citigroup Board of Directors in shareholder derivative action case involving alleged wrongdoing in connection with Citigroup’s mortgage securitization business (Warner v. Prince).
Financial Institution’s Independent Directors: Advised the independent directors of a top ten financial institution on the review of the company's compensation policies, procedures and programs and subsequent response to a shareholder demand letter alleging that the company's director and executive compensation was based on “false economic metrics,” resulting in unjust enrichment of the executives and directors.
First Union Securities, Inc. v. Brandes Investment Partners, L.P.: Advised defendant in arbitration before AAA in New York involving claims of improper execution of trading instructions.
Global DirectMail v. Royal Bank of Canada: Represented Royal Bank, Canada's largest financial institution, in a contract dispute.
Hedge Fund: Successfully represented a leading hedge fund in a trademark infringement case in federal district court and in parallel trademark opposition proceedings in the patent office against another hedge fund.
Janus Capital Group, Inc. v. First Derivative Traders: Represented the U.S. Chamber of Commerce and submitted an amicus brief concerning the scope of an investment advisor’s liability for false statements under Section 10(b).
Lehman Executive: Representing a former senior Lehman executive in DOJ, SEC, and Lehman bankruptcy examiner investigations stemming from Lehman’s collapse.
Martin Act Legislation: Advising a coalition of accounting firms on the legal aspects of proposed changes to the Martin Act, a NY state securities anti-fraud statute that creates liability in the absence of scienter or causation.
Merrill Lynch: Representing the former CFO of Merrill Lynch in multiple class action and derivative litigations and governmental investigations stemming from Merrill Lynch’s subprime announcements.
In re MFW Shareholders Litigation: Served as defense counsel in a landmark case before Chancellor Strine of the Delaware Chancery Court, In re MFW Shareholders Litigation.
Morgan Stanley, Zoe Cruz: Represented the former co-president of Morgan Stanley in a number of matters relating to losses suffered by the global financial services firm in connection with the sub-prime crisis, including ERISA, shareholder derivative and class action litigation, in addition to shareholder derivative litigation related to executive compensation. Willkie also represented Ms. Cruz in the board’s investigation into the matters.
Northwater Capital Management: Representing this hedge fund in DOJ and SEC investigations relating to hundreds of millions of dollars in losses it suffered in a Ponzi scheme led by Thomas Petters in Minnesota, and in civil litigation seeking to recoup those losses.
Public Company Investment Bank, Asset Managers: Representing a public company investment bank that is a leading asset manager of Collateralized Debt Obligations in numerous simultaneous, potentially franchise-threatening investigations into the CDO industry by the SEC, FINRA, the New York Attorney General and the Financial Crisis Inquiry Commission concerning the structuring, sale and management of various complex financial vehicles.
Putnam Investments, Inc.: Served as counsel to Putnam in connection with internal investigations relating to accounting and financial reporting practices and related SEC and DOJ investigations.
In re The Bear Stearns Companies Inc. Securities, Derivative, and ERISA Litigation, No. 08-CV-2793 (S.D.N.Y.): Represented Bear Stearns senior official in class actions and related matters arising out of writedowns of subprime-related financial instruments and events leading to acquisition by JPMorgan.
Aegon/Wilton Re: Represented Aegon in its deal to sell its two largest U.S. run-off businesses, pursuant to which Aegon's Transamerica life subsidiaries will reinsure $14 billion of liabilities to affiliates of Wilton Re US Holding Inc.
AIG/Validus: Represented Perella Weinberg as financial advisor to AIG in a $5.6 billion acquisition of reinsurer Validus.
AlixPartners/Zolfo Cooper: Represented global consulting firm AlixPartners on its acquisition of independent financial advisory and interim management firm Zolfo Cooper.
Alleghany/Pacific Compensation/CopperPoint: Represented Alleghany Corporation in the $150 million sale of Pacific Compensation Insurance Company, an underwriter of workers' compensation insurance, to CopperPoint Mutual Insurance Company.
Allied World/Fairfax Financial: Represented Allied World in its agreement to be acquired by Fairfax Financial for $4.9 billion in cash and stock.
AmTrust Financial Services: Represented the Special Committee of the Board of Directors of AmTrust Financial Services, Inc. in AmTrust’s sale to Stone Point Capital, the CEO and the Karfunkel Family.
Fenergo: Advised Aquiline in an investment in Fenergo, the leading provider of client lifecycle management software solutions for investment banks, capital market firms and private banks.
LenderLive: Represented Aquiline in its acquisition of mortgage services provider LenderLive Holdings, Inc.
OmegaFi: Represented Aquiline in its investment in OmegaFi, the leading provider of financial, membership management, and fundraising software and support solutions for college fraternities and sororities across the United States.
OSG Billing Services: Represented Aquiline in its acquisition of OSG Billing Services to create an omni-channel customer communications hub.
Relation Insurance: Represented Aquiline its agreement to acquire Relation Insurance Services, one of the largest independent insurance brokers in the United States, from private equity firms Parthenon Capital and Century Equity Partners.
Simply Business: Advised Aquiline in its acquisition of Simply Business, the UK’s biggest business insurance provider. Also represented Simply Business and its shareholders (including Aquiline) in its subsequent sale of Simply Business to Travelers Companies, Inc. for approximately $490 million.
Togetherwork/GI Partners: Represented Aquiline and Togetherwork on the sale of group management software and payments provider Togetherwork to GI Partners.
Wellington Insurance Group: Represented Aquiline in its majority investment in Wellington Insurance Group, an insurance risk distribution and financial services organization.
Ascensus/Genstar Capital/Aquiline Capital Partners/Atlas Merchant Capital: Represented Ascensus, owned by Genstar Capital and Aquiline Capital Partners, in connection with the addition of new investors, led by Atlas Merchant Capital LLC, to the ownership group.
Aspen Insurance/Apollo Funds: Represented Aspen Insurance Holdings Limited in its agreement to be acquired by certain investment funds affiliated with Apollo Global Management, a leading global alternative investment manager, for $2.6 billion.
AssetMark, Inc./Huatai Securities: Advised AssetMark in its purchase by Huatai Securities from Aquiline Capital Partners and Genstar Capital, which was named “M&A Deal of the Year” at the 2017 IFLR Americas Awards.
Assurant/Sun Life Financial: Represented Assurant, Inc., a premier global provider of risk management solutions, in the $940 million sale of its employee benefits business to Sun Life Financial.
Assurant/The Warranty Group: Represented Assurant, Inc., a premier global provider of risk management solutions, in its $2.5 billion acquisition of The Warranty Group, a leading global provider of protection plans and related programs.
BB&T Corporation/Regions Insurance Group: Represented BB&T Corporation in its agreement to acquire Regions Insurance Group from Regions Financial Corporation.
BB&T Corporation/Swett & Crawford: Represented BB&T Corporation in its acquisition of Swett & Crawford from Cooper Gay Swett & Crawford for $500 million in cash.
BISAM/Aquiline Capital Partners/FactSet: Advised BISAM Technologies S.A. and the sellers, led by Aquiline Capital Partners, in the sale of BISAM to FactSet for $205.2 million.
FIS/CapcoCD&R: Represented Fidelity National Information Services, Inc. (FIS), a global leader in financial services technology, in its $477 million sale of a majority stake in Capco, its management consulting business, to private investment firm Clayton, Dubilier & Rice.
FIS/SunGard: Represented FIS in its acquisition of SunGard, a leading financial software company, in a deal valued at $9.1 billion. Also represented FIS in its agreement to sell SunGard’s Public Sector and Education businesses to Vista Equity Partners for $850 million.
FIS/Worldpay: Represented FIS in its $42 billion agreement to merge with Worldpay, Inc., a global leader in eCommerce and payments.
Fortress Investment Group/SoftBank Group: Represented Morgan Stanley as financial advisor to Fortress Investment Group in its $3.3 billion acquisition by SoftBank Group.
GFI Group/BGC Partners: Represented GFI Group, a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, in its $778 million sale to BGC Partners.
LenderLive/Walz Group: Represented mortgage services provider LenderLive Holdings, Inc., a portfolio company of Aquiline Capital Partners, in its acquisition of Walz Group LLC, a leading provider of regulatory compliance solutions, full-cycle critical document fulfillment and Certified Mail Automation.
Macquarie Group/Advantage Funding: Represented Macquarie Group Limited in its deal to acquire Advantage Funding Management Co., Inc., a leading commercial vehicle finance firm, from Marubeni Group.
Nephila/Markel: Represented Nephila Holdings Limited, the pre-eminent insurance-linked securities manager in the world, in its agreement to be acquired by Markel.
OSG Billing Services/Microdynamics Group: Represented OSG Billing Services in its acquisition of Microdynamics Group, a provider of integrated, multichannel transactional print and electronic solutions.
OSG Billing Services/NCP Solutions: Represented OSG Billing Services, a portfolio company of Aquiline Capital Partners, in the acquisition of NCP Solutions, a provider of outsourced transactional communications for the financial services industry.
Rockefeller Financial Services/Gregory Fleming/Viking Global Investors: Represented Rockefeller Financial Services, Inc., the parent company of Rockefeller & Co., in a deal with financial services executive Gregory J. Fleming to form Rockefeller Capital Management (backed by Viking Global Investors LP), an independent financial services firm focused on wealth management, asset management and strategic advisory.
Royal Bank of Scotland/Banco Santander SA: Represented Royal Bank of Scotland in the acquisition of Santander’s credit card business.
Securitas Capital/Nascent Group: Counseled Securitas, the private equity fund sponsored by Swiss Re, on its investments in Nascent Group, a financial services group operating in Italy, Ireland and Luxembourg.
SourceHOV Holdings, Inc./Novitex Holdings, Inc./Quinpario Acquisition Corp.: Represented SourceHOV in its $2.8 billion merger agreement with Novitex and Quinpario to form Exela Technologies.
Strategic Insight/BrightScope: Represented Genstar Capital portfolio company Strategic Insight, formerly known as Asset International, in its acquisition of BrightScope, the leading provider of retirement plan, sales and distribution data.
Swiss Re/Compañía Aseguradora de Fianzas S.A. Confianza: Represented Swiss Re Corporate Solutions in its acquisition of a majority stake in Compañía Aseguradora de Fianzas S.A. Confianza.
Swiss Re Corporate Solutions Ltd/Bradesco Seguros: Represented Swiss Re Corporate Solutions Ltd in its agreement to establish a joint venture with Bradesco Seguros, creating a leading commercial large-risk insurer in Brazil.
Cover-More/Travel Ace/Universal Assistance: Represented Zurich in its agreement to acquire 19 travel assistance providers in Latin America, positioning its Cover-More Group as the leader in global travel insurance and assistance in the region.
EuroAmerica: Represented Zurich in its acquisition of the individual and group life insurance businesses and the long-term savings operations of EuroAmerica in Chile.
QBE: Represented Zurich in its agreement to acquire Australian insurer QBE in Latin America for $409 million.
Eaton Vance: Served as special tax counsel to Eaton Vance on the product design and offerings (including on how its structure evolved to deal with market changes), on a new type of publicly traded investment product designed to provide the tax benefits of structured notes without the credit risk embedded in structured note products.
Farmers Group (RegCaPS): Advised Zurich on the offering of $1.25 billion of hybrid securities designed to provide subordinated capital qualifying for (i) dividends received deduction to U.S. corporate holders (i.e., equity treatment) and (ii) interest deductions to Swiss parent (i.e., debt treatment).

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