Latham Advises on Financing in Connection With CC Capital and OneIM’s Acquisition of Insignia Financial

CC Capital, a private investment firm focused on investing in and operating high-quality businesses for the long term, and One Investment Management (OneIM), a global alternative investment manager, have announced they have entered into a Scheme Implementation Deed (SID) with Insignia Financial Ltd (Insignia), Australia's leading diversified wealth management group with over A$330 billion in funds under management and advice.

Under the SID, CC Capital and OneIM will acquire 100% of Insignia for A$4.80 in cash per share via a scheme of arrangement, representing an enterprise value of approximately A$3.9 billion (US$2.5 billion) and a 56.9% premium to Insignia's undisturbed share price of A$3.06 per share on December 11, 2024.

A Latham & Watkins LLP team represents financing sources in connection with the transaction with a team led by New York partners Stelios Saffos and Peter Sluka, with associates Ian Lachow and Robin Spiess. Advice was also provided on tax matters by New York partner Jocelyn Noll.