Kirkland Advises Oaktree on $420M Acquisition of Ambac's Legacy Financial Guarantee Business
June 06, 2024
June 06, 2024
CHICAGO, Illinois, June 6 -- Kirkland and Ellis, a law firm, issued the following news release:
Kirkland & Ellis is advising Oaktree Capital Management, L.P. on the $420 million acquisition of Ambac Financial Group, Inc.'s (NYSE: AMBC) legacy financial guarantee insurance businesses, Ambac Assurance Corporation and Ambac UK.
Oaktree will also receive warrants to acquire up to 9.9% of Ambac common stock at a strike price of $18.50.
The transaction&# . . .
Kirkland & Ellis is advising Oaktree Capital Management, L.P. on the $420 million acquisition of Ambac Financial Group, Inc.'s (NYSE: AMBC) legacy financial guarantee insurance businesses, Ambac Assurance Corporation and Ambac UK.
Oaktree will also receive warrants to acquire up to 9.9% of Ambac common stock at a strike price of $18.50.
The transaction&# . . .