Credit Suisse completed the initial closing of its sale of a significant portion of its Securitized Products Group and other related financing businesses to affiliates of Apollo Global Management on February 8. The divested business and assets are now operated as a new standalone credit firm, Atlas SP Partners, which is focused on asset-backed financing and capital markets solutions. Certain additional assets and international employees are expected to transition from Credit Suisse to an Apollo affiliate in the first half of 2023.
The S&C team representing Credit Suisse includes Mitch Eitel, Ken Li, Kristin Deliso, Lauren Hobby, Henry Doran, Ashray Gautam and Fred Quesada. Ambassador Michael George DeSombre provided essential support. Marc Treviño, Jeannette Bander, Natasha Rygnestad-Stahl, Hedwig Zheng and Julia Paranyuk advised on executive compensation and benefits matters. Isaac Wheeler, Tessa Lee and Eli Dubin advised on U.S. tax matters. Justin Orr, William Bekker and James Park advised on intellectual property matters. Neal McKnight, Benjamin Kent, Joyce Kwok, Daniel Loeser and Christian Hodges advised on financing matters. Whitney Chatterjee advised on investment management matters. Frederick Wertheim and Tracey Russell advised on broker-dealer matters. Eric Queen, Yvonne Quinn, Juan Rodriguez and André Garcia do Fojo advised on antitrust matters.
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