Fried Frank acted as counsel to co-investors RedBird Capital Partners (RedBird) and Reverence Capital Partners (Reverence) in their US$540 million acquisition of Vida Capital, Inc. (Vida).
Fried Frank also represented RedBird and Reverence in the US$315 million senior secured credit facilities arranged by UBS, Mizuho Bank, Ltd., and Crescent Capital, the proceeds of which were used to fund, in part, the Vida acquisition.
Vida is the largest vertically integrated platform in the life-settlements space with US$4.3 billion in assets under management across its different closed-end and open-end funds. RedBird is a principal investment firm, which provides flexible, long-term capital to help entrepreneurs grow their businesses. Reverence is a private investment firm focused on thematic investing in leading global, middle-market financial services businesses through control and influence oriented investments.
The Fried Frank team was led by corporate partner Mark H. Lucas and included corporate partners Gregg Beechey, Jeremy R. Berry, Gerald H. Brown Jr., Jessica Forbes, Michael T. Gershberg, J. Christian Nahr, Robert C. Schwenkel, and Stacey Song; antitrust and competition partners Nathaniel L. Asker and Tobias Caspary; intellectual property and technology partner Amir R. Ghavi; litigation partners Una A. Dean and Steven M. Witzel; tax partner Alan S. Kaden; corporate senior counsel John M. Liftin; corporate special counsel Bret T. Chrisope, Martin A. Hewitt, and Adam J. Ross; antitrust and competition special counsel Aleksandr B. Livshits; corporate associates Blair B. Burnett, Amelia J. Gordon, Hannah E. Koban, Danielle Ledford, Carolyn A. McNamara, Vidit Mehra, Ashlee S. Newman, Joanna D. Rosenberg, Renuka Santhanagopalan, Justin A. Schenck, Charles B. Tanenbaum, and Kristopher Yingling; antitrust and competition associates John Todd Garcia Jr. and Kay Jebelli; environmental associate Mary Beth Phipps; executive compensation & ERISA associate Adam P. Cohen; intellectual property and technology associate Marli Sussman; litigation associates Melis Kiziltay Carter and Michael A. Kleinman; and tax associates Shane C. Hoffmann and Karen Li.