Oren Chaplin and Scott Lippert Represent Co-Owner in the Sale of US Based Credit Asset Management Firm to International Buyer
Pashman Stein Walder Hayden is pleased to announce that Oren M. Chaplin, Co-Chair of the Corporate and Business Law Practice, and Scott R. Lippert, Chair of the Commercial Real Estate Practice, have closed a sale transaction involving our client, an owner of Blue Elephant Capital Management, LLC, a New York limited liability company (“BECM”), Blue Elephant Partners, LLC, a New York limited liability company (“BEP”), and Blue Elephant Financing LLC, to Australia's MA Financial Group.
New York-based Blue Elephant, established in 2013, managed a sizable portfolio of private credit investments across specialty finance niches, including direct loans, asset-backed lending and receivables financing. The buyer in this transaction was MA Financial, an Australian company with offices in Melbourne, Sydney, Shanghai and Hong Kong. It has been reported that MA Financial plans to launch a U.S.-based MA Global Private Credit Fund in June, providing its Australian and international investors with access to lending opportunities in the U.S. credit markets.
“Our client, one of the owners of the target companies, brought us into this transaction at a very challenging stage. We, along with our client, were prepared for the rapid pace, and the need for good faith collaboration with the other transaction partners in order to meet the transaction timelines and for us to help bring the matter to a close while also focusing on the client’s objectives,” said Chaplin. “I’ve known this client personally for quite a while now, and it was important to me that we represent him to the best of our abilities, and to help him get to the other side of the transaction” added Lippert.
The Pashman Stein transaction team regularly represents businesses and business owners. We help clients with both day-to-day needs but also special projects and transactions, including the transaction mentioned above.