Neuberger Berman’s Acquisition of Almanac Realty Investors

Simpson Thacher advised Almanac Realty Investors in the transaction.

Neuberger Berman executed the acquisition of Almanac Realty Investors.

Almanac will operate as a distinct investment platform at Neuberger Berman. The group will continue to be led by its Managing Partner, Matthew Kaplan, and its Partners and Investment Committee members. Additional terms of the transaction were not disclosed.

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages $356 billion in client assets as of December 31, 2019.

Since 1996, Almanac’s (together with its predecessor, Rothschild Realty, Inc.) primary activity has been making growth capital investments into private and public companies which own and operate real estate in North America. Almanac managed funds have committed over $5.5 billion to 44 companies. Almanac’s portfolio companies are structured to combine proven management teams within a specific real estate sector together with ownership of focused portfolios of real estate assets and interests.

Berkshire Global Advisors acted as financial advisor to Almanac Realty Investors on the transaction. Ardea Partners advised Neuberger Berman.

The Simpson Thacher team included Michael Wolfson (Picture) and Todd Noelle (M&A); Jason Herman, Sage Hughes and Sheena Shah (Funds); Marcy Geller, Rob Holo, Dmitry Zelik and Abigail Hopper (Tax); and Larry Moss (ECEB).

Involved fees earner: Marcy Geller – Simpson Thacher & Bartlett; Jason Herman – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; Sage Hughes – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Todd Noelle – Simpson Thacher & Bartlett; Sheena Shah – Simpson Thacher & Bartlett; Michael Wolfson – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Almanac Realty Investors;

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Author: Ambrogio Visconti