Mintz Levin Represents CypressTree Investment Management in its Acquisition by Primus
7/22/2009
Boston, MA - Attorneys from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. represented CypressTree Investment Management, LLP in its acquisition by Primus Asset Management, Inc., a wholly owned subsidiary of Primus Guaranty, Ltd. (NYSE: PRS), a Bermuda company. Founded in 1995, CypressTree manages leveraged loans and high yield bonds in a variety of investment products, including collateralized loan obligations (CLOs), collateralized swap obligations (CSOs), off-shore funds and separately managed accounts. Its assets under management total approximately $2.4 billion.
CypressTree will operate as a wholly owned subsidiary of Primus Asset Management, which now has over $25 billion in assets under management in structured credit vehicles. This includes the $21 billion notional credit default swaps portfolio of Primus Financial Products, LLC, as well as eight CLOs with $3.2 billion in assets and three CSOs totaling $800 million.
Mintz Levin Corporate attorney Mary-Laura Greely represented CypressTree in connection with this transaction, with assistance from Thomas Kelly, Pamela Greene, Michael Lieberman, Alden Bianchi, Thomas Greene, Patricia Moran, James Nicholas, Kevin McGinty, Allan Caggiano, Kostantinos Sofronas, Matthew Vittiglio and Claudia Torres.
Mintz Levin is an AmLaw 100 law firm with offices in the US and the UK. The firm has exceptional depth in a broad range of practice areas, but our clients recognize that what sets us apart from other law firms is our industry focus. By truly understanding business drivers and industry trends, we are able to provide our clients with more than just legal advice; we provide legal solutions to our clients' business issues. Since 1933, our lawyers have represented entrepreneurs, emerging growth companies, Fortune 500 companies, government agencies, not-for-profit organizations and leaders in primary industries that include Life Sciences/Biotechnology; Technology & Communications; Energy & Clean Technology; Financial Services & Insurance; Healthcare; Real Estate, Hospitality & Construction; and Retail & Consumer Products. Our practical knowledge combined with our industry expertise enables us to provide our clients with enterprise legal advice that gives their business a competitive advantage in the marketplace.
