Alston & Bird advised Mavik Capital Management, a multistrategy investment firm with a flexible strategy across hard assets, in closing an agreement alongside value-oriented alternative asset management firm Axar Capital Management LP to take XS Financial private. This transaction establishes XS as a private company and positions it to expand its platform in the growing equipment financing space.
Advising Mavik Capital Management was an Alston & Bird team led by partner Michael Kessler and associate Misbah Mohiuddin (Corporate & Business Transactions); counsel Aaron Hendricson (Investment Funds); partner Sarah Ma (Federal & International Tax); and partner Paul Hespel and counsel David Rutherford (Finance).