Winston & Strawn LLP represented Crestline Denali in the sale of a managing interest in a restructured Crestline Denali Capital to Ares Management Corporation. The sale will result in the addition of seven collateralized loan obligation funds totaling $2.6 billion of assets under management to the Ares portfolio. Crestline Denali, a Chicago area-based firm specializing in the management of non-investment grade bank loans, will retain its equity interest in its CLOs.

Winston Deal Team:

• Pat Hardiman lead, Partner, Chicago
• Jeffrey Dobosh, lead, Partner, Chicago
• Russell Casper, Partner, Chicago
• David Bauer, Associate, Chicago
• Lindsay Shake, Associate, Chicago
• Andrew Betaque, Partner, Chicago
• Jay Gould, Partner, San Francisco