Sidley represented Pretium in the acquisition of Anchor Loans LP, a leading provider of financing to residential real estate investors and entrepreneurs, from affiliates of Wafra Capital Partners Inc. and other owners. Financing for the transaction was provided by American Equity Investment Life Insurance Company as part of an expansion of its strategic partnership with Pretium. Concurrent with the closing of the transaction, American Equity also acquired from Pretium approximately US$1 billion of loans originated by Anchor.
The Sidley team, led by Liz Fries (Investment Funds), Karen Dewis (M&A and Private Equity), and Kelly Lazaroff (Global Finance), handled all aspects of the transaction, including the financing and loan sale arrangements with American Equity. Other key members of the deal team included Matthew Stoker and Jim Warczak (M&A and Private Equity), Roy Smith and Alex McGee (Investment Funds), and André Washington (Global Finance).