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CompoSecure to Spin Off Alternative Asset Management Platform
- Client News
- December 31, 2024
Paul, Weiss is advising CompoSecure, Inc., a leader in metal payment cards, security and authentication solutions, on the spin-off of a newly formed subsidiary, Resolute Holdings Management, Inc. to form a differentiated alternative asset management platform. Resolute Holdings will be led by Dave Cote as executive chairman and Tom Knott as chief executive officer.
As part of the deal, a wholly owned CompoSecure subsidiary will enter into a management agreement with Resolute Holdings. Upon completion of the spin-off, Resolute Holdings will provide CompoSecure with services including M&A sourcing and execution, as well as oversight of its capital allocation strategy and operations. The transaction is expected to be completed during the first quarter of 2025, subject to customary conditions.
The Paul, Weiss team is led by corporate partner Laura Turano, and includes partners John Kennedy, Timothy Cruickshank, Aaron Schlaphoff, Brian Kim, Bradley Brown and Marco Masotti, partners-elect David Marshall, Jason Tyler and Frances Mi, and counsel Gabriella Toossi; executive compensation partner Jarrett Hoffman, and counsel Meghan Fox and Sasha Belinkie; intellectual property partner Jonathan Ashtor and counsel Matthew Rosenberg; tax partner Anne McGinnis; and restructuring partner Robert Britton.