On April 25, 2014, Reuters reported that Seward & Kissel client Marshall Wace had agreed to acquire a controlling stake in New York-based asset manager Eaglewood Capital Management, which invests in peer-to-peer loans.
On April 25, 2014, Reuters reported that London-based alternative fund manager Marshall Wace LLP acquired a 90% interest in New York-based Eaglewood Capital Management. Eaglewood invests in peer-to-peer loans, and the firm now intends to raise about £200 million for a dedicated peer-to-peer investment trust on the London Stock Exchange. Financial terms of the transaction were not disclosed. A Seward & Kissel team led by partners Jim Abbott, Craig Sklar, Anne Patin and Jonathan Brose represented Marshall Wace as U.S. counsel in connection with this transaction, working in coordination with UK counsel Simmons & Simmons.
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