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Wednesday, September 18, 2019

SHEPPARD MULLIN: Sheppard Mullin Represents GoldenTree Asset Management in $392 Million Purchase of Syncora Guarantee

By Press release submission | Aug 19, 2019


Sheppard Mulin issued the following announcement on Aug. 15.

Syncora Holdings Ltd., a Bermuda-domiciled holding company, announced it has signed an agreement to sell Syncora Guarantee Inc., its wholly owned, New York financial guarantee insurance subsidiary, to Star Insurance Holdings LLC, a newly formed entity organized by GoldenTree Asset Management LP on behalf of GoldenTree’s managed funds and accounts, for $392.5 million.

Sheppard Mullin, led by New York partner Lawrence A. Larose and San Francisco partner Todd Padnos, and co-counsel Sidley Austin represented GoldenTree in the transaction. Goldin Associates LLC served as financial advisor to GoldenTree.

Original source can be found here.

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