October 30, 2015
Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, announced today that it advised Magnetar Capital LLC in its strategic capitalization of Finacity Capital Management (FCM). Formed by Finacity Corporation, FCM is a new business designed to facilitate efficient processing of trade receivables as well as access to the securitization markets for companies with smaller portfolios of receivables. FCM, initially capitalized with $50 million, will fund transactions in the range of $5 million to $25 million using a simplified securitization structure.
The Cadwalader team included partners Bruce Bloomingdale (Capital Markets) and David Miller (Tax) and associates David Silverman (Corporate) and Soo Kyong Yi (Capital Markets) in New York; partner Christopher McDermott (Finance) in Charlotte; and associate Jason Schwartz (Tax) in Washington, D.C.