BentallGreenOak’s Acquisition of Metropolitan Real Estate Equity

Latham & Watkins LLP represented the Carlyle Group Inc. in the transaction while Akin Gump Strauss Hauer & Feld LLP advised BentallGreenOak on the deal.BentallGreenOak signed an agreement to acquire Metropolitan Real Estate Equity, LLC (Metropolitan) from global investment firm The Carlyle Group Inc. (NASDAQ: CG). The deal adds Metropolitan’s integrated primary, secondary, and co-investment real estate platform, with over US$2.4 billion (as of December 31, 2020) in assets under management, to BentallGreenOak’s business to deliver further diversified investment strategies and enhanced global market presence for a leading, global real estate investment management advisor, and a globally recognized provider of real estate services.

Carlyle is a global investment firm with $246 billion of assets under management.

Latham & Watkins LLP represented the Carlyle Group Inc. in the transaction with a corporate deal team led by Washington, D.C. partner David Dantzic (Picture), with New York associate Trevor Kim. Advice was also provided on fund-related matters by Washington, D.C. partner Barton Clark and Chicago partner Nabil Sabki, with Washington, D.C. associates Loyal Horsley and Kaan Ulgen; on tax matters by Washington, D.C. partner Cheryl Coe, with Washington, D.C. associate Pierce Pandolph; on benefits and compensation matters by Washington, D.C. partner David Della Rocca; and on intellectual property matters by Washington, D.C. associate Morgan Brubaker.

The Akin Gump team advising BentallGreenOak included investment management partner Blayne Grady, corporate senior counsel Timothy Clark, corporate associate Julia Rinker and investment management associate Arthur Norman.

Involved fees earner: Timothy Clark – Akin Gump; Blayne Grady – Akin Gump; Arthur Norman – Akin Gump; Julia Rinker – Akin Gump; Morgan Brubaker – Latham & Watkins; Barton Clark – Latham & Watkins; Cheryl Coe – Latham & Watkins; David Dantzic – Latham & Watkins; David Della Rocca – Latham & Watkins; Loyal Horsley – Latham & Watkins; Trevor Kim – Latham & Watkins; Pierce Pandolph – Latham & Watkins; Nabil Sabki – Latham & Watkins; Kaan Ulgen – Latham & Watkins;

Law Firms: Akin Gump; Latham & Watkins;

Clients: BentallGreenOak ; The Carlyle Group;

Martina Bellini

Author: Martina Bellini