Kirkland & Ellis advised Starwood Capital Group on the deal.
Starwood Capital Group executed the acquisition of a 29.42% stake in London-listed RDI Real Estate Investment Trust (REIT) from South African investor Redefine. The shares will be bought from Redefine for an aggregate sale consideration of £106.3 million, representing £0.95 per share.
Starwood Capital Group is a private investment firm founded in 1991 by Chairman and CEO Barry Sternlicht, with a core focus on global real estate, energy infrastructure and oil & gas.
RDI is an established UK REIT invested in a diversified portfolio in the United Kingdom and Germany independently valued at £1.65bn.
The Kirkland team advising Starwood Capital Group was led by transitional partners Mark Thompson (Picture) and Matthew Elliott; real estate finance partner Jonathan Birks; tax partner Jonathan Kandel and antitrust and competition partner Mark Gardner.
Law Firms: Kirkland & Ellis;
Clients: Starwood Capital Group;