Advising BlueCrest on the Sale of the Majority of its Interest in Systematica Investments

23 Nov 2015

International law firm Simmons & Simmons is advising BlueCrest on the sale of the majority of its interest in Systematica Investments LP.

Systematica Investments LP, led by Leda Braga, was created following the spin out of BlueCrest’s systematic trading business earlier this year (on which Simmons & Simmons also acted). Following the signing of a definitive agreement last week, the majority of BlueCrest’s interest in Systematica Investments LP is to be sold (following the satisfaction of customary conditions) to Affiliated Managers Group, Inc. (AMG), a global asset management company listed on the New York Stock Exchange. AMG has equity investments in leading investment management firms around the globe and, as at 30 September 2015, had aggregate assets under management of approximately US$619 billion.

Commenting on the transaction, partner and head of the firm’s asset management and investment funds sector group, Colin Leaver said: "We are really pleased to have acted for BlueCrest on this complex transaction. We have been acting for BlueCrest since their launch in 2000, and are proud to have advised them on all of their major corporate transactions and to remain a part of the ongoing development of their business."

Paul Dehadray, General Counsel of BlueCrest, said: "BlueCrest are delighted to have announced the signing of the AMG deal and to be working yet again with Simmons & Simmons and its specialist lawyers on a significant and exciting transaction."

The Simmons & Simmons team was led by Colin Leaver, assisted by corporate partner Ania Rontaler and corporate associate Tom Fricke, tax partner Martin Shah who was assisted by tax associates Zoë Arnautov and Lizi Keaveny, funds partner Dev Saksensa, assisted by funds associate Art Markham and IP partner Adrian Smith who was assisted by IP associate Lydia Torne. 

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