Financial Services M&A

A market leading practice advising on transformative industry transactions

Dechert is among the world’s most active law firms in advising financial services companies and industry participants on complex and innovative mergers and acquisitions, many of which have been recognized for significantly impacting the global deal economy. We handle the full range of financial services deals, from public M&A transactions to minority stakes in investment advisers, to bespoke joint ventures and assistance with asset purchases that typically accompany fund reorganization transactions, as well as GP stakes and secondaries transactions, and the creation of private credit platforms.

Dechert has been top-ranked by the most prominent league tables, industry publications, and legal directories for its M&A, investment funds, private equity, real estate, and collateralized loan obligation (CLO) practices, including Bloomberg, Creditflux, Mergermarket, PitchBook, Refinitiv, Secondaries Investor, The Deal, Chambers and Partners, The Legal 500, and IFLR1000.

Ensuring optimal deal structuring and speed-to-market execution

Our financial services M&A lawyers collaborate with colleagues across the firm to provide clients with timely, comprehensive advice on all aspects of a transaction. Our team's substantial expertise and deep bench allow us to engage knowledgeable practitioners as needs arise. With a 360-degree awareness of common issues in deal contexts, we optimize deal structure, ensure speed-to-market execution, and protect client interests at every phase of a transaction. Our experience enables us to anticipate and resolve regulatory, fund investor consent, and other industry-specific issues, structuring deal terms to address the specific risks associated with the global regulatory and business environment in which our clients operate.

Key Contacts

Michael S. Darby

Partner Philadelphia
+1 215 994 2088 michael.darby@dechert.com
Stephen R. Pratt

Partner Philadelphia
+1 215 994 2296 stephen.pratt@dechert.com
Kenneth E. Young

Partner New York
+1 212 698 3854 ken.young@dechert.com
Neel Maitra

Partner Washington, D.C.
+1 202 261 3445 neel.maitra@dechert.com

2023 Financial Services M&A Highlights

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abrdn on its acquisition and reorganization of four closed-end investment funds managed by First Trust Advisors, L.P.; acquisition of healthcare fund management capabilities of Tekla Capital Management; and acquisition of five closed-end funds from Macquarie Asset Management.
AGL Credit Management on its exclusive cooperation agreement with Barclays plc and the launch of a new private credit investment platform, AGL Private Credit.
AIG on the sale of its collateralized-loan obligation management business to an affiliate of Blackstone.
Amundi Asset Management on its cross-border combination of Amundi U.S. with Victory Capital.
Bain Capital on its acquisition of a controlling stake in Archwest Capital.
Barings on its partnership and investment in Rocade LLC, a specialty finance company.
BlackRock TCP Capital Corp. on its US$2.4 billion merger with BlackRock Capital Investment Corporation.
Centerbridge Partners on the formation of Overland Advisors, its strategic partnership with Wells Fargo to launch a private credit platform targeting a minimum of US$5 billion of investable capital, including US$2.5 billion in equity commitments.
Cerberus Capital Management on its acquisition of Spring EQ, a leading provider of home equity financing solutions.
Estancia Capital Partners on its acquisition of Soltis Investment Advisors; and investment in Flagstone, a UK-based fintech company.
Grant Thornton on the sale of a majority stake of its tax, advisory and consulting business to consortium led by New Mountain Capital.
Hunt Companies and Amber Infrastructure Group on its strategic business combination with Boyd Watterson.
Marcum on its definitive agreement with CBIZ, Inc., a prominent provider of financial, insurance, and advisory services, for the acquisition of Marcum’s non-attest business.