Davis Polk Advises Credit Suisse on the Spinout of DLJ Merchant Banking

Davis Polk advised Credit Suisse Asset Management on the spinout of DLJ Merchant Banking Partners into an independent advisory firm called aPriori Capital Partners L.P. The DLJ Merchant Banking Partners III, L.P. and DLJ Merchant Banking Partners IV, L.P. private equity funds collectively represent approximately $2 billion of value across 22 portfolio companies as of December 31, 2013. Credit Suisse is one of the world’s leading financial services providers.

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Tags:  Davis Polk & Wardwell | New York

Davis Polk Advises Marsh & McLennan Companies, Inc. on Its $1.2 Billion Revolving Credit Facility

Davis Polk advised Marsh & McLennan Companies, Inc. and certain of its domestic and foreign subsidiaries (MMC) in connection with the amendment and restatement of its existing revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, MMC increased the facility size to $1.2 billion, extended the maturity of the facility to March 27, 2019, and made certain other changes. MMC will use the proceeds of the facility for general corporate purposes.

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Tags:  Davis Polk & Wardwell | New York