Firm Represents CB Richard Ellis Group in its Acquisition of Trammell Crow
10.31.06
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The firm is representing CB Richard Ellis Group, Inc. (CBRE) in its cash acquisition of Trammell Crow Company, a publicly held commercial real estate service company. CBRE plans to enter into a $2.2 billion term loan facility to finance the transaction. In connection with the acquisition, CBRE will also amend or refinance its existing $600 million revolving credit facility and launch a consent solicitation and tender for the outstanding notes issued by its subsidiary CB Richard Ellis Services, Inc. The transaction was announced on October 31 and is valued at approximately $2.2 billion.
The Simpson Thacher team includes Richard Capelouto, Kirsten Jensen, Chad Skinner, Jung Son, Colin Hsu and Patricia Ruvalcaba (M&A); Benjamin Applestein (Tax); Marissa Wesely (Credit); Bill Brentani and Rebecca Boyden (Securities); Jeffrey Ostrow, Mark Solomon and Marcela Robledo (Intellectual Property); Richard Grimm and Victoria Stewart (Benefits); Joseph Tringali, Olivier Antoine and Ken Ehrhard (Antitrust); Krista McManus (Real Estate).