Firm Ranked 8th in Number of Deals and 9th in Size of Deals for Asset Managers in SNL Financial Institutions Deal Book 2011
Corporate attorneys in the San Diego office of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. represented sellers in two of the top ten asset manager deals in the world in 2010, ranking the firm 8th in number of deals and 9th in size of deals for asset managers, according to rankings released in the SNL Financial Institutions Deal Book 2011.
Mintz Levin completed asset manager deals totaling more than $364 million in 2010. In the 5th largest deal in the rankings, the firm represented the sellers in an acquisition by Sprott Inc. of Global Resource Investments, Ltd., Terra Resource Investment Management, Inc. and Resource Capital Investment Corporation. The deal was valued at $244.2 million with $480 million of assets under management. In the 9th largest deal in the rankings, the firm represented Altegris, a provider of alternative investment products, in connection with its acquisition by Genworth Financial Inc. in October 2010. The deal was valued at $120 million.
Mintz Levin corporate attorneys handling the transactions included Member Jeremy Glaser, and associates Sebastian Lucier, Jake Romero, Phillip Lee, and Jonathan Urbon, based in the firm’s San Diego office. Mike Lieberman, a Member in the firm’s Boston office, assisted with tax matters on the transactions.
The SNL Financial Institutions Deal Book 2011 is published as a definitive source of information on M&A deals and capital markets activity for the previous year. SNL Financial Institutions collects, standardizes and disseminates corporate, financial, market and M&A data for the banking, financial services, insurance, real estate, energy and media/communications industries.