M&A – TIG Advisors Makes a Minority Stake Investment in Romspen Investment Corporation

Seward & Kissel represented TIG Advisors, LLC, a leading $3 billion alternative asset management company founded in 1980, which provides capital, comprehensive infrastructure support and management to investment teams, in connection with its acquisition of a minority interest in Romspen Investment Corporation, a premier alternative credit manager focused on North American real estate. Romspen has a long-term track record of successful mortgage investing. With its origins in the mid-60’s, the firm is one of the largest non-bank commercial/industrial mortgage lenders in Canada with a portfolio in excess of CAD $2.5 billion. Major investors include high net worth individuals, foundations, endowments and pension plans.

TIG Advisors’ 40-year track record of successfully partnering with asset managers, operating capabilities and institutional distribution network will be invaluable as it helps Romspen execute on its business model of originating flexible loans to align the needs of borrowers and lenders. As a strategic partner, TIG will work collaboratively with Romspen to help the firm achieve its business objectives – offering infrastructure, sales and marketing, and business development support within the U.S. and internationally. This support will enable the Romspen team to continue to focus on its core competency of executing on attractive investment opportunities across real estate asset classes to generate strong returns for investors.

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