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Potter Anderson Advises Special Committee on Deal Creating Company With $4.7 Billion of Assets Under Management

July 29, 2019

Sierra Income Corporation, Medley Capital Corporation and Medley Management Inc. have entered into definitive amended agreements under which Medley Capital will merge with and into Sierra and Sierra will simultaneously acquire Medley Management and its existing asset management business.

The combined company will have approximately $4.7 billion of assets under management and is expected to be the third largest internally managed business development company and the 13th largest publicly traded BDC by assets.

Potter Anderson advised the special committee of Medley Management Inc.’s board of directors. The team included partners Michael Tumas and Roxanne Houtman and associates Dave DiDonato and Elizabeth Bucilla.