TSSP Acquires $1.27 Billion of Distressed-Debt and Equity Assets from Credit Suisse

Cleary Gottlieb advised TSSP on the negotiation of a portfolio services agreement in connection with TSSP’s $1.27 billion acquisition of distressed-debt and equity assets from Credit Suisse.

In connection with TSSP’s acquisition of $1.27 billion of distressed debt and equity assets from Credit Suisse and the spinout of the portfolio’s managers into a newly registered investment adviser, Cleary represented TSSP in the negotiation of the portfolio services agreement with the investment adviser and the structuring of the acquisition.

The transaction signed on May 2, 2016.