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Team Represents OM Asset Management in IPO

23 Oct 2014

Bingham, led by partners Floyd Wittlin and Christina Melendi, represented OM Asset Management in its recent initial public offering. The IPO offered 22 million ordinary shares of OM Asset Management at a price of $14 per share. Shares of OM Asset Management began trading on Oct. 9 on the New York Stock Exchange under the ticker symbol “OMAM.” OM Asset Management is a global, multi-boutique asset management company with approximately $221 billion of assets under management as of Aug. 31, 2014, through a diverse portfolio of asset managers that serve institutional investors around the world. It is majority owned by British financial services and insurance firm Old Mutual plc. Including the pre-offering dividend of $175 million from OM Asset Management, Old Mutual will realize estimated net proceeds of $456 million from the offering and associated transaction. Bank of America Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse acted as joint book running managers for the offering. The Bingham team also included Marion Barish, Chuck Bogle, Tony Carbone, Jeanie Cogill, Scott Farmer, Paul Raymond, Jim Collins, Allison Gargano, Stephanie Lax, Chuka Ugwu-Oju and John Sorensen.

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Fund/Investment Management
News Category
Banking & Finance
M&A