Dechert advised an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing, in the signing of a definitive agreement to acquire Spring EQ, a leading provider of home equity financing solutions.
Spring EQ is a national home equity lender that provides flexible and tailored financing solutions directly to consumers with a national network of experience brokers and partners. Cerberus’ Residential Opportunities platform, a global investor in residential mortgage securities and assets, plans to support Spring EQ’s mission to deliver best-in-class offerings and expand its leadership in the home equity market. With the assistance of Cerberus’ operating and technology capabilities, Spring EQ will enhance its platform through further investment in technology, new commercial opportunities, and growth-based operational initiatives.
The Dechert team advising Cerberus included corporate partners Jonathan Stott and Mark Thierfelder, associates Marie Mast, Rachel Davies, Anjanaye Jariwala, Michael Gordon and Devyn Kurpis; global tax partner David Passey and associate Harris Cornell; employee benefits partner Howard Klein and associate Sarah Burke; global finance partner Ralph Mazzeo, counsel Paul McAleer, and associates Matthew Haas, Samuel Nofer, Israel Rodriguez Rubio, Nicole Keller and John Ludwig-Eagan; intellectual property partner Timothy Blank and associate Frank Hwang; labor partner J. Ian Downes and associate Julia Canzoneri; litigation partner Mauricio España and associates Daniel Murdock, Hilary Bonaccorsi and James Smith; real estate counsel Francois Quintard-Morena; environmental partner Abbi Cohen.
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