O'Melveny Represents Alcentra in Acquisition of Rabobank's US CLO Business

八月 04, 2009

Piper Hall
O'Melveny & Myers LLP

Erika Tucker
O'Melveny & Myers

LOS ANGELES, CA ─ August 4, 2009 ─ O’Melveny & Myers LLP recently represented Alcentra NY, LLC in its acquisition of the US collateralized loan obligation (CLO) business of Rabobank Nederland, New York branch.  The business is comprised of four cash flow CLOs and two synthetic collateralized debt obligation transactions operating under the Archstone, Prospero, and Veritas names, which collectively add approximately US$1.53 billion to Alcentra NY's US assets under management.  Alcentra NY is also the collateral manager for seven existing cash flow CLOs operating under the Pacifica and Westwood names.    


Alcentra NY is a wholly-owned subsidiary of The Alcentra Group, (Alcentra) a majority-owned subsidiary of The Bank of New York Mellon Corporation (NYSE: BK), and one of the leading institutional loan managers in Europe focusing primarily on the sub-investment grade debt markets.  As a result of this transaction, Alcentra's US assets under management have increased to over US$5 billion with over US$18 billion in assets under management firm-wide, solidifying Alcentra's position as a global leading CLO manager.  The acquisition is a touchstone of Alcentra's global expansion strategy as it seeks to capitalize on market inefficiencies affecting smaller collateral managers and O’Melveny was pleased to play an integral role in this momentous transaction.


O’Melveny partners Deborah Festa and Brophy Christensen led the representation for Alcentra NY.


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