Related Companies’s $80 million strategic investment in Ladder Capital Corp


Sullivan & Cromwell has advised Related Companies in its strategic investment in Ladder Capital Corp.

Related Companies purchased $80 million of Ladder stock from certain pre-IPO shareholders of Ladder, including affiliates of TowerBrook Capital Partners and GI Partners, and Ladder granted Related a right of first offer with respect to certain horizontal risk retention investments in which Ladder intends to retain an interest.

The S&C team on the transaction included Bob Downes (picture) and Michael Portner Gartke on corporate matters, Davis Wang, Max O’Neill and Daniel Bleiberg on tax matters, and Eric Queen on Hart-Scott-Rodino and related matters.

Involved fees earner: Robert Downes – Sullivan & Cromwell; Michael Portner Gartke – Sullivan & Cromwell; Davis Wang – Sullivan & Cromwell; Max O’Neill – Sullivan & Cromwell; Daniel J. Bleiberg – Sullivan & Cromwell; Eric Queen – Sullivan & Cromwell;

Law Firms: Sullivan & Cromwell;

Clients: Related Companies;

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Author: Ambrogio Visconti