Latham Advises on Financing in Connection With CC Capital and OneIM’s Completed US$2.2 Billion Acquisition of Insignia Financial

A consortium led by Carlyle Group Inc. has provided preferred shares in the amount of A$600 million (US$387 million) to finance the acquisition of Australian Insignia Financial Ltd. by American investment company CC Capital Partners.

In addition to the preferred shares, the consortium has secured a seven-year loan worth A$1.9 billion under guarantees from UBS, Banco Santander, Deutsche Bank, Natixis, and Nomura. 

Earlier, CC Capital, together with One Investment Management, entered into an agreement to acquire Insignia for A$3.3 billion (US$2.2 billion) at a price of A$4.8 per share (57% higher than the closing price on December 11, 2024).

A Latham & Watkins LLP team represents Carlyle in connection with the transaction with a team led by New York partners Stelios Saffos, Global Co-Chair of Latham’s Capital Markets Practice, and Peter Sluka, Global Co-Chair of Latham’s Hybrid Capital Practice, with associates Ian Lachow, Elina Stavropoulou, and Gabriella Tang. Advice was also provided on tax matters by New York partner Matthew Dewitz and Houston partner Christine Mainguy.