McDermott Will & Schulte, a global law firm

Schulte Roth & Zabel represented MGG Investment Group, a US private direct lending investment firm with over $6 billion in AUM, in the signing of a definitive agreement under which Generali Investments’ subsidiary, Conning & Company, will acquire a majority stake in MGG and its affiliates. Under the deal, Conning & Company will purchase 77% of MGG for $320 million at closing with additional amounts payable subject to the achievement of certain operating milestones. 

This partnership with Generali marks an exciting new chapter for MGG, positioned to support the private direct lending firm’s future growth and enhance their capabilities in investment and capital formation. With an extensive network and local market presence that offers a wide range of sourcing opportunities, MGG provides senior secured loans and structured capital solutions to US middle market businesses.   

The Schulte team was led by partners Ben Kozinn (M&A) and Jason Kaplan (IM), along with partners Lauren Troeller (M&A), Philippe Benedict (Tax), David Griffel (Tax), Max Garfield (Employment and Employee Benefits) and Ian Levin (Employment and Employee Benefits). The team also included special counsel Chris Freeman (IM), Adam Gartner (Employment and Employee Benefits) and Ngoc Pham Hulbig (M&A), and associates Mitchell DaSilva (M&A), Joseph D’Arco (M&A), Jina Choi (IM), Kelsey Gonzalez (Tax), Hannah Hollingsworth (Tax) and Evan Miller (IM).