CBRE’s $290 Million Acquisition of FacilitySource


Simpson Thacher represented CBRE Group, Inc. (NYSE:CBRE) in connection with its acquisition of FacilitySource, LLC from Warburg Pincus for approximately $290 million in cash.

FacilitySource supports more than 120,000 client locations nationwide for facilities management services, capital-improvement and energy-management projects, with a particular emphasis on large multi-site portfolios.

CBRE Group, Inc. is a leading commercial real estate services and investment firm and offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services; and development services.

The Simpson Thacher team includes Mark Pflug (Picture), Ravi Purushotham, Janet Kyung Ah Yu, Jun Won Kim and Kevin O’Connell (M&A); Robert Holo, Andrew Purcell and Sarah Duffy (Tax); Tristan Brown and Patricia Adams (Executive Compensation and Employee Benefits); Lori Lesser and Cecillia Xie (Intellectual Property); Krista McManus (Real Estate); Adeeb Fadil (Environmental); Eli Isak (Credit); Peter Guryan, Kelly Karapetyan and Karen Hunt (Antitrust); and Steven DeLott (Insurance). Summer Associates Nicole Fu and Patrick Sandman provided invaluable assistance.

Involved fees earner: Mark Pflug – Simpson Thacher & Bartlett; Ravi Purushotham – Simpson Thacher & Bartlett; Janet Kyung Ah Yu – Simpson Thacher & Bartlett; Jun Won Kim – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; Tristan Brown – Simpson Thacher & Bartlett; Patricia Adams – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Cecillia Xie – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Eli Isak – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Karen Horvitz Hunt – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: CBRE;

Avatar

Author: Michael Patrini