Bingham Team Represents Old Mutual in Major Transaction

A multi-office Bingham team, featuring several Boston lawyers, represented Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, and its subsidiary Old Mutual Capital, Inc. (OMCAP) in an agreement to sell selected assets of OMAM's U.S. mutual fund business to Touchstone Advisors, Inc., a wholly owned subsidiary of Western & Southern Financial Group. The acquisition will increase Touchstone's assets under management to nearly $10 billion and add several new sub-advisors to its current roster of fund managers.  Upon completion of the transaction, 17 Old Mutual funds will be reorganized into Touchstone mutual funds with OMAM's affiliated investment managers continuing as sub-advisors to a significant majority of those funds. The Bingham team, led by New York partner Floyd Wittlin, included Boston partner Newt Davis and Boston counsel Gitte Blanchet, who worked on the corporate and M&A aspects of the transaction; Boston partner Matthew Schnall and Boston associate Jason Traue, who worked on the tax aspects of the transaction, and Boston partner Lea Anne Copenhefer and Washington, D.C. partner Josh Sterling, who worked on the investment management aspects of the transaction.

Newt Davis

Gitte Blanchet

Matthew Schnall

Jason Traue

Lea Anne Copenhefer