Clifford Chance advised Ready Capital Corporation (NYSE: RC) on the deal.
Ready Capital acquired the entities through which Red Stone conducts its affordable housing finance business in exchange for cash and stock as well as the assumption of certain Red Stone guarantees of secured indebtedness. Red Stone provides innovative financial products and services to the multifamily affordable housing industry. Its management team and all employees have joined Ready Capital.
Clifford Chance’s Corporate Partner Kathleen Werner (Picture) led a cross-practice team on the matter including senior counsel Jay Bernstein, counsel Matthew Warner and associates Katherine Chang and Rebecca Cho, with partner Mike Seaton and associate Tali Lee advising on Tax, partner Howard Adler and associate David Walsh on Employment Law, and counsel Victoria Manthas advising on the Real Estate aspects of the transaction.
Involved fees earner: Howard Adler – Clifford Chance; Jay Bernstein – Clifford Chance; Katherine Chang – Clifford Chance; Rebecca Cho – Clifford Chance; Tali Lee – Clifford Chance; Victoria Manthas – Clifford Chance; Michael Seaton – Clifford Chance; David Walsh – Clifford Chance; Matthew Warner – Clifford Chance; Kathleen Werner – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Ready Capital Corporation;