PineBridge Investments Holdings Europe Limited’s Acquisition Of Benson Elliot Capital Management LLP

Travers Smith LLP has advised the partners of Benson Elliot Capital Management LLP. Berkshire Global Advisors provided corporate finance advice to the sellers. PineBridge was advised by Simmons & Simmons LLP and Perella Weinberg UK Limited.

Benson Elliot Capital Management LLP (Benson Elliot), a leading UK-based private equity real estate fund manager and longstanding client of the firm, sold Benson Elliot to PineBridge Investments Holdings Europe Limited (PineBridge), a private global asset manager. Completion of the transaction is subject to various customary regulatory approvals.

Founded in 2005, Benson Elliot manages over US$3.5 billion of equity and holds a diversified pan-European portfolio currently comprised of office, retail, hotel and residential assets, including in the UK, Germany, France, Spain, Italy, Belgium and Poland. Benson Elliot has successfully launched four European funds, the most recent of which closed in 2019 at €836 million.

The Travers Smith team was led by a Private Equity & Financial Sponsors Partners Edmund Reed (Picture) and Ian Shawyer together with Funds Partner Sam Kay, supported by Private Equity & Financial Sponsors Senior Associate Victoria Bramall, and Private Equity & Financial Sponsors Associates Eric Van Winssen, Vanessa Kitching and Priya Bansal and Funds Associate Hannah MacDonald.

Given the hybrid and bespoke nature of the transaction, the Travers Smith team also included a broad cross-specialist range of advisors: Financial regulatory advice was provided by Partner Stephanie Biggs and Associate James Barnard.

Tax advice was provided by Partner Simon Skinner, Senior Counsel Jon Woodall and Associate Aimee Hutchinson.

Employment advice was provided by Partner Sian Keall supported by Associate Hanna Bates-Martens.

Fund Finance advice was provided by Partner Danny Peel and Senior Counsel Jamie Parish.

Competition advice was provided by Partner and Head of Competition Nigel Seay, Senior Associate Richard J. Brown and Associate Oliver Bates.

Involved fees earner: Priya Bansal – Travers Smith; James Barnard – Travers Smith; Oliver Bates – Travers Smith; Hanna Bates-Martens – Travers Smith; Stephanie Biggs – Travers Smith; Victoria Bramall – Travers Smith; Richard Brown – Travers Smith; Aimee Hutchinson – Travers Smith; Sam Kay – Travers Smith; Sian Keall – Travers Smith; Vanessa Kitching – Travers Smith; Hannah MacDonald – Travers Smith; Jamie Parish – Travers Smith; Danny Peel – Travers Smith; Edmund Reed – Travers Smith; Nigel Seay – Travers Smith; Ian Shawyer – Travers Smith; Simon Skinner – Travers Smith; Eric Van Winssen – Travers Smith; Jonathan Woodall – Travers Smith;

Law Firms: Travers Smith;

Clients: Marc Mogull;