Debevoise Advises CPPIB in its Acquisition of Antares Capital from GE Capital Corporation for $12 Billion

9 June 2015

Debevoise & Plimpton LLP is advising Canada Pension Plan Investment Board (“CPPIB”) in the acquisition of GE Capital’s sponsor lending business, including Antares Capital, for a total consideration of $12 billion. Antares Capital is the leading lender to middle market private equity sponsors in the U.S. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close during the third quarter of 2015.

Based in Chicago, Illinois, Antares has provided more than $120 billion in financing over the past five years.

Canada Pension Plan Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (“CPP”) to pay current benefits on behalf of 18 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, New York City and São Paulo, CPPIB is governed and managed independently of the CPP and at arm's length from governments.

The Debevoise team is led by partners Jeffrey J. Rosen and Kevin M. Schmidt, and includes partners William B. Beekman, Paul D. Brusiloff, Jeffrey P. Cunard, Margaret Andrews Davenport, Jonathan F. Lewis, Gregory J. Lyons and Peter F.G. Schuur, counsel Lee A. Schneider and Charles E. Wachsstock and associates Christopher Anthony, Dasom Chung, Andrew M. Hirsch, Raj Krishnan, Michael Layfield, David L. Portilla, Chadé Shirl Severin, Katharine R. Steele, Molly F. Stockley and Mark D. Wasco.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.