| On January 13, 2021, TIG Advisors, LLC (“TIG”) announced that it has acquired a minority revenue share interest in Arkkan Capital (“Arkkan”), from a fund managed by a Blackstone advisor. Seward & Kissel was pleased to represent TIG Advisors in connection with this investment management industry transaction.
TIG is a New York-based alternative asset manager with approximately $7 billion in assets that provides growth capital, comprehensive infrastructure support and management services to investment teams. Founded in 2013 by Jason Brown, Arkkan is a Hong Kong-based alternative asset manager with approximately $1 billion of assets under management that focuses on credit and special situations investments across Asia Pacific markets. The investment in Arkkan is the third successful transaction for TIG following its minority interest acquisitions in Romspen Investment Corporation in 2018 and Zebedee Capital Partners in 2020.
Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping” and “also handles complex middle-market deals in the media industry and international sell-side M&A.“
The company’s announcement describing this transaction is available here.
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