Apollo Closes Purchase of Credit Suisse’s Securitized Products Group

Paul, Weiss is advising Apollo on the financing for its acquisition of a significant portion of the assets of Credit Suisse’s Securitized Products Group, as well as the related launch of standalone securitized credit origination platform ATLAS SP Partners. With the completion of the deal on February 8, a majority of the assets and professionals associated with Apollo’s acquisition are now part of or managed by ATLAS SP Partners.

ATLAS SP Partners is a high-growth franchise helping specialty finance companies, financial sponsors, corporates, REITs and others access structured financing and portfolio solutions. It primarily originates high-quality, investment-grade assets that align with the balance sheet needs of Athene and other retirement services companies, which are estimated to hold approximately 95% of their assets in high-grade credit instruments. Apollo, through its affiliates, is the majority shareholder of ATLAS SP Partners and serves as a long-term capital partner to the company, alongside additional third-party capital partners.

The Paul, Weiss team includes, among others, corporate partners Anastasia Peterson, Brad Finkelstein, Robert Zochowski, Matthew Goldstein, Charles Pesant, Robert Tananbaum and Aaron Schlaphoff, and counsel Melissa Mitchum, Sarah Wolpert, Hilary Christian, Mikhel Schecter, David Levine, Carrie Harrison and Gabriella Toossi; tax partner Brian Grieve; intellectual property partner Claudine Meredith-Goujon; restructuring partners Kyle Kimpler, Ken Ziman and Jacob Adlerstein; litigation counsel Peter Jaffe; and executive compensation counsel Bruce Goldberger.