Debevoise Advises Ambac in Its $420 Million Sale of Ambac Assurance Corporation and Ambac UK to Oaktree

5 June 2024

Debevoise & Plimpton LLP is advising Ambac Financial Group (NYSE: AMBC) in the $420 million sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, to funds managed by Oaktree Capital Management. For more information, please see the company’s press release.

Ambac is a financial services holding company headquartered in New York City.

The Debevoise team is led by insurance M&A partners Kristen Matthews and Nicholas Potter and capital markets partners Eric Juergens and Steven Slutzky and includes insurance M&A associates Jacob Dougherty, Michael Ellis and Nicole Gany, capital markets associates Amy Pereira, Mihir Awati, Kelly Donoghue, Andrew Lee and Beatrice Techawatanasuk and law clerk Talia Lorch, employee benefits and executive compensation partner Meir Katz and associate Samuel Siegel, tax partner Daniel Priest, counsel Ben Lee Friedman and associate John Nelson, and IP and technology transactions counsel Caroline Geiger and Tigist Kassahun and associates Katelyn Bryant and Dylan Sanders.