Sullivan and Macfarlanes advise as Kennedy Wilson Europe agrees $4bn merger with US parent
Firms act alongside Wachtell as London-listed property company merges with US parent company
April 26, 2017 at 04:13 AM
2 minute read
Sullivan & Cromwell, Macfarlanes and Wachtell Lipton Rosen & Katz have all advised on a deal that will see London-listed property company Kennedy Wilson Europe Real Estate (KWE) merge with its US parent company.
The deal will see California-based Kennedy Wilson Holdings, which previously held around a 25% stake in KWE, take full ownership of the European entity.
The company will have a combined market capitalisation of around $4bn (£3.7bn).
Sullivan is acting for KWE with a team including London-based European M&A head Tim Emmerson (pictured) and City corporate partner Ben Perry. The firm's US lawyers acting on the deal include Los Angeles partner Eric Krautheimer, New York commercial real estate partner Robert Schlein and New York tax partner Eric Wang.
Macfarlanes and Wachtell are advising Kennedy Wilson Holdings, with Macfarlanes fielding a team led by London corporate partners Graham Gibb and Harry Coghill.
Wachtell's team is being led out of New York by corporate partner Gordon Moodie, benefits partner Adam Shapiro and tax partner Eiko Stange.
Other firms to have advised KWE in the past include Herbert Smith Freehills, which acted on the company's £1bn initial public offering and listing on the London Stock Exchange in 2014, with equity capital markets head Charles Howarth taking the lead role.
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