Simpson Thacher Represents Blackstone in €1.3 billion German Real Estate Transaction
07.28.05
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Simpson Thacher represents The Blackstone Group in its €1.3 billion acquisition from WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft and RSE Grundbesitz- und Beteiligungs-Aktiengesellschaft of a group of companies which own a portfolio of residential housing and commercial buildings in various cities in Germany. The transaction was one of the first successful private equity acquisitions of former state subsidized housing in Germany. The firm is also representing Blackstone on a €1.1 billion refinancing with Barclays Bank of a portion of the acquired companies debt.
The Simpson Thacher team that is working on the transaction includes: Stephen Short and Gautam Narasimhan (Credit); Greg Ressa, Farhad Karim and Alex Benjamin (Real Estate); John Hart and Meredith Jones (Tax) and Brian Robbins and Jeanne Annarumma (Employee Benefits).