Sidley Represents Wafra in US$1.9 Billion Acquisition of Navitas

Sidley represented funds managed by Wafra Inc. (Wafra), a New York-based alternative asset manager, in the US$1.9 billion all-cash acquisition of Navitas Credit Corp. and NLFC Reinsurance Corp. (collectively, Navitas) from United Community Banks, Inc. (NYSE: UCB). Navitas is an equipment finance business that specializes in financing essential-use equipment purchases for small and mid-sized businesses.

The Sidley team was led by Brien M. Wassner, David Meehan (M&A and Private Equity), and Steven R. Rutkovsky (Global Finance), and included Adrian Zhang, Sarah Wiley, Elizabeth A. Buescher, and Madeleine Larock (M&A and Private Equity); Ashtyn M. Hemendinger, T.J. Gordon, Alexander M. Hirshfeld, and Emma Bretthauer (Global Finance); David I. Monteiro and Michael Cumming (Banking, Payments and Fintech); Eric S. Wolf and Amanda M. Casanueva (Employee Benefits and Executive Compensation); Cathryn Le Regulski and Kristina H. Daisak (Labor, Employment and Immigration); Christian Brause and Andy J. Lau (Tax); Michael D. Devins, Andrew R. Holland, and Owen D. Skelding (Insurance); Mary K. Marks and Damos Anderson (Antitrust and Competition); Stephen W. McInerney and Stephanie Y. Lim (Privacy and Cybersecurity); and E. Kyle Barnett and Sophia Iams (Technology and Life Sciences Transactions).