Davis Polk is advising JPMorgan Chase & Co. in connection with its sale of a portfolio of loans and other securities from J.P. Morgan’s Global Special Opportunities Group to Sankaty Advisors, LLC. The portfolio contains mezzanine loans in North America and Europe, as well as loans and related special situations investments in Australia and across Asia, with an aggregate value of approximately $1.3 billion. The transaction, which is expected to close by the end of 2014, is subject to borrower and regulatory approvals.
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. Sankaty Advisors is the independently managed credit affiliate of Bain Capital, LLC and one of the world’s leading private managers of fixed income and credit instruments.
The Davis Polk corporate team includes partner William L. Taylor, counsel James E. Elworth, associates Brian J. Snyder and Peter H. Chin, and foreign temporary associate Zach Meyers. Partner Neil Barr and associate Ethan R. Goldman are providing tax advice. Partner Jeffrey P. Crandall and counsel Ron M. Aizen are providing executive compensation advice. Associate Andrei Takhteyev is providing credit advice. Members of the Davis Polk team are based in the New York and London offices.
