Debevoise & Plimpton LLP is helping Ambac Financial Group sell its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, for $420 million to funds managed by Oaktree Capital Management. Headquartered in New York City, Ambac is a financial services holding corporation. The Debevoise team is led by insurance M&A partners Kristen Matthews and Nicholas Potter, along with capital markets partners Eric Juergens and Steven Slutzky.
Supporting them are insurance M&A associates Jacob Dougherty, Michael Ellis, and Nicole Gany. The team also includes capital markets associates Amy Pereira, Mihir Awati, Kelly Donoghue, Andrew Lee, and Beatrice Techawatanasuk, as well as law clerk Talia Lorch. The team also includes a comprehensive group of associates and counsel from various specialties such as insurance M&A, capital markets, employee benefits and executive compensation, tax, and IP and technology transactions. This collaborative effort underscores Debevoise's extensive expertise and capability in managing complex financial transactions.
