MEDIA RELEASE PR37673
Elliott Affiliated Companies Acquire Premier Asset Management Company
TOKYO, Dec. 22 /PRNewswire-AsiaNet/ --
Firm Wins Bid for 100% of Capmark Financial's Servicing Business in Japan
Luxembourg-based investment companies affiliated with Elliott Management Corporation, a $16 billion private
investment firm, announced today that they have entered into a Sale and Purchase Agreement to acquire 100% of
the outstanding shares of Premier Asset Management Company in Tokyo, the servicing business of Capmark
Financial Group. Financial terms were not disclosed.
The transaction, which was approved last week by a U.S. Bankruptcy Court in Delaware handling the sale of
Premier in an auction process of certain Capmark assets, is scheduled to close by January 29, 2010.
Premier was the first company to acquire a servicing license in Japan in the late 1990s. Since then, Premier has
grown into one of Japan's market leaders for CMBS and warehouse non-recourse loan servicing. In addition, the
company provides special servicing to defaulted non-recourse loans as well as third party non-performing loan
collections.
Elliott said it will to keep Premier's current management in place and expects to maintain the company's existing
platform in the Japanese market.
"We are pleased to have been the successful bidder in this process and expect to close the transaction as soon
as possible," Elliott said.
Elliott Management acts as advisor to Elliott Associates, L.P. and Elliott International Limited, which together
have more than $16 billion in assets under management. The firm, founded in 1977, is one of the oldest private
investment firms of its kind under continuous management. Elliott's investors include private endowments and
charitable institutions, family offices, individuals, and friends and employees of the firm.
SOURCE: Elliott Management Corporation
CONTACT: Scott Tagliarino,
Elliott Management,
+1-212-974-6000
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