Dechert Represents abrdn in Acquisition of Macquarie/Delaware Investments’ Closed-End Fund Complex

 
March 30, 2023

Dechert LLP represented abrdn in its acquisition of the U.S. closed-end funds sponsored by Macquarie/Delaware Investments. The transaction involved the reorganization of Delaware Ivy High Income Opportunities Fund, Delaware Enhanced Global Dividend and Income Fund, Delaware Investments Dividend and Income Fund, Inc. and Macquarie Global Infrastructure Total Return Fund Inc. into the abrdn fund family. The deal also included abrdn assuming investment management responsibilities for Delaware Investments National Municipal Income Fund, scheduled to take place later this year.

abrdn is a global asset manager that (as of December 31, 2022) manages over US$600 billion in assets on behalf of institutional and retail clients worldwide.

The Dechert team included corporate partners Stephen Pratt and Ken Young, counsel Ross MacConnell, and associates Mary Burgoyne, Jessica Warshaw and Grace Ko; financial services partners Tom Bogle and William Bielefeld, counsels Robert Rhatigan and Audrey Wagner, and associates Brooke Clark, Kyle Whiteman, Louis Rosenbaum, Jonathan Blaha and Yanyu Mao; and global tax partners Joseph Riley and David Passey, with associates Kalina Hannsz, Ishani Kundu-Sahni, Maansi Seth and Abigail Hopper.

About Dechert

Dechert is a leading global law firm with 21 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.

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