On October 31, 2018, Seward & Kissel client TIG Advisors, LLC announced it had acquired a minority interest in Romspen Investment Corporation.
Under the terms of the agreement, TIG Advisors, LLC (“TIG”) and Romspen Investment Corporation (“Romspen”) will work together to offer infrastructure, sales, marketing, and business development support to their clients. Mark Hilson and Wes Roitman will continue to lead Romspen’s management team. Further terms of the deal were not disclosed. A Seward & Kissel team led by partners Craig Sklar, Gary Anderson, Christopher Riccardi and Jon Brose, counsel Michael O’Brien, associates Kevin Neubauer, Dora Pulido, Noelle Indelicato and Kristy Choi and law clerk Maryanne Liu represented TIG in connection with the transaction.
TIG is a New York-based alternative asset management company that provides capital, corporate management, sales and marketing, and middle-and back-office services to investment teams. TIG manages $3 billion of capital largely for event driven and structured credit strategies for institutional investors.
Romspen is a Canadian non-bank alternative credit manager specializing in North American real estate. Romspen manages Romspen Mortgage Investment Fund which has CAD $2.5 billion in assets under management.
To read the press release: please click here.