Debevoise Advises M&T in the Sale of Its CIT Business to Madison Dearborn Partners

20 December 2022

Debevoise & Plimpton LLP is advising M&T Bank Corporation (NYSE: MTB) in the sale of its wholly-owned subsidiary Wilmington Trust, N.A.’s Collective Investment Trust ("CIT") business to Madison Dearborn Partners, LLC ("MDP"). For more information, please see the company’s press release.

M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. Wilmington Trust, N.A. provides Corporate and Institutional Services, including institutional trust, agency, asset management, retirement plan, and administrative services for clients worldwide who use capital markets financing structures.

The Debevoise team is led by banking partner Gregory Lyons and includes partner Caroline Swett and associates Nariné Atamian, Clare Lascelles and Zoë Zissu, M&A counsel David Iozzi, finance partner Scott Selinger and associate Adam Silverwood, executive compensation and benefits partner Franklin Mitchell and associate Spencer Robbins, tax partner Michael Bolotin and associate Elliot Tuchman, intellectual property partner Henry Lebowitz and associate Louis Sanchez.