Davis Polk advised Guggenheim Investments on the closing of the $1.2 billion sale of its exchange-traded funds (ETF) business, which includes $38.8 billion of assets under management, to Invesco Ltd.

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than $242 billion in total assets across fixed income, equity and alternative strategies. Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.

The Davis Polk corporate team included partner John H. Butler and associates Matthew J. Cowcher and Darren Bartlette. Partner Gregory S. Rowland provided investment management advice. Counsel Ethan R. Goldman and associate K. Daniel Berman provided tax advice. Partner Frank J. Azzopardi and associate Paul S. Lee provided intellectual property and technology advice. Counsel Mary K. Marks and associate Jane M. McCooey provided antitrust advice. All members of the Davis Polk team are based in the New York office.

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