NEW YORK & CHICAGO--(BUSINESS WIRE)--
Cortland Capital Market Services LLC today announced that it had acquired Gleacher Products Corp. (“GPC”), the full-service loan agency platform, from Gleacher & Company, Inc. (GLCH). The acquisition includes all active agency engagements as well as the retention of key professionals Joanna Anderson and Chris Capezuti. GPC will be renamed Cortland Products Corp. and will combine with Cortland’s Agency Services business to form one of the largest independent bank loan agents in the market.
“We are excited to have Joanna and Chris join Cortland. Both are proven leaders in the syndicated bank loan market who we have known and respected for years,” said Lora Peloquin, Managing Director at Cortland. “We share the same vision for growing the business and providing superior service to our clients. Joanna and Chris built an impressive agency services business one relationship at a time.”
“Joining our full-service loan agency business with the Cortland platform is a perfect combination. Cortland’s agency platform coupled with our experience in the replacement and successor agency market provides lenders and borrowers with an ideal solution. The transaction allows us to continue to provide the same level of superior service to our customers with no disruption and provides us the opportunity to offer additional services to our clients,” said Joanna Anderson, Managing Director.
Prior to launching the bank loan agency initiative for Gleacher, Ms. Anderson was a special situations analyst for Van Kampen Investments where she served on numerous lender steering committees and focused on distressed situations. Previously, she worked for a turnaround and crisis management firm and prior to that she spent several years at a large financial institution in the Managed Assets Department, working on loan workouts and restructurings.
Mr. Capezuti brings 13 years of industry experience to Cortland. Prior to his role running agency operations, middle office and trade closings at Gleacher, Mr. Capezuti was a manager in the loan operations and closing department at Bear Stearns.
Cortland Capital Market Services LLC was represented by Kaye Scholer LLP and Gleacher & Company, Inc. was represented by Covington & Burling LLP.
About Cortland Capital Market Services LLC
Cortland Capital Market Services LLC is a leading independent investment servicing company providing fund administration, commercial bank loan servicing, securitization services, and middle-office support to financial institutions. Cortland’s clients include several of the largest asset managers, lenders, and private equity firms in the world.
Cortland’s Bank Loan Services group provides a complete set of services to the syndicated bank loan market including agency services, bank loan settlement, loan administration, CLO manager services, and material non-public information firewall services.
For more information on Cortland please call 312.564.5100 or visit us at cortlandglobal.com.