The Firm is representing CB Richard Ellis Group, Inc. in connection with its $940 million proposed acquisition of the majority of the real estate investment management business of Netherlands-based ING Groep N.V. The acquisitions include substantially all of the ING Real Estate Investment Management operations in Europe and Asia, as well as Clarion Real Estate Securities, its U.S.-based global real estate listed securities business.
CB Richard Ellis Group, Inc. is the world’s largest commercial real estate services firm, based on 2010 revenue, with leading full-service operations in major metropolitan areas throughout the world.
The Simpson Thacher team includes William Dougherty, Patrick Dowd, Stephanie Mash and Jocelyn Campanaro (M&A); William Brentani (Capital Markets); Marcy Geller and Andrew Purcell (Tax); Gregory Grogan, Jamin Koslowe and Jennifer Pepin (Executive Compensation and Employee Benefits); Kirsten Jensen and John Delfino (Management Equity); Marissa Wesely, Julia Kohen and Chad Pearlman (Credit); Lori Lesser and Marcela Robledo (IP); Joe Tringali, David Vann, Michael Naughton, Kenneth Ehrhard and Ellen Frye (Antitrust). Clare Gaskell provided advice on matters related to the laws of the United Kingdom.