Latham & Watkins Advises Bastion Management in Acquisition by Mesirow

Mesirow, an independent, employee-owned financial services firm, announced that it has acquired Bastion Management, an asset-backed specialty finance lender. The acquisition closed on December 31, 2024. Founded in 2013 and based in Stamford, Connecticut, Bastion is a private credit manager that focuses on the asset-backed specialty finance space, lending to the lower middle market across sectors and geographies and creating bespoke financing solutions that seek compelling returns with robust downside protection.

Latham & Watkins LLP represented Bastion in the transaction with a corporate deal team led by New York M&A partner Alex Kelly and Chicago M&A partner Daniel Breslin, with associate Katie Connelly. Advice was also provided on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum and on transactional tax matters by Houston partner Tim Fenn, with associate Arash Lotfi.