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United States: Proskauer Advises Bain Capital Specialty Finance In IPO
December 10, 2018 (New York) – International law firm
Proskauer represented Bain Capital Specialty Finance, Inc. (BCSF)
in its initial public offering of 7,500,000 shares of common stock
at a price of $20.25 per share, raising approximately $145.4
million. The shares began trading November 15 on the New York Stock
Exchange under the ticker symbol "BCSF".
BCSF is an externally managed specialty finance company focused
on lending to middle-market companies. It is managed by BCSF
Advisors, L.P., an SEC-registered investment adviser and a
subsidiary of Bain Capital Credit L.P.
The Proskauer team was led by partner Monica Shilling and
included partner Nicole Runyan, senior counsel Lily Desmond and
associates Louis Rambo, Cody Weiss, Janice Lee and Liam Gallagher
(Corporate); and partner Martin Hamilton and associate Martine
Seiden Agatston (Tax).
Proskauer's multidisciplinary team has continued its rapid
expansion into the BDC space. In the past five years, the Firm has
represented approximately half of the 59 publicly traded BDCs and
has been involved in the last four BDC IPOs. In addition, Proskauer
is a market leader in the private debt industry having closed 189
deals so far in 2018 with an aggregate principal amount in excess
of $17.7 billion.
Proskauer offers a full suite of services for the investment
management industry, with a market-leading global team dedicated
solely to advising asset managers, investment funds and their
advisers, financial institutions and institutional investors across
the asset class. The cross border team of over 160 lawyers is based
in the U.S., UK, Asia and Latin America and includes specialists in
tax, ERISA, regulation, financial services, employment, insurance,
fund finance, litigation and risk management who understand the
unique technical and commercial issues relevant to investment
managers.
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