Simpson Thacher is representing Blackstone in connection with its acquisition of Capital Trust, Inc.’s investment management business and certain fund co-investments for $20 million. Blackstone will also manage Capital Trust and purchase an 18.2% equity stake in the company for $10 million.
Capital Trust (NYSE: CT) is a real estate finance company that specializes in credit sensitive structured financial products. To date, Capital Trust’s investment programs have focused primarily on loans and securities backed by commercial real estate assets, investing both for its balance sheet and for third party vehicles. Capital Trust is a real estate investment trust.
The Simpson Thacher team includes: Brian Stadler, Patrick Naughton, Anthony King, Jim Cross, Brittany McCants and Evan Dunn (M&A); Michael Wolitzer, Peter Gilman and Steven Homan (Funds); Xavier Kowalski (Capital Markets); Gregory Ressa, Patrick Dowd and Kevin Boroumand (Real Estate); Gregory Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); and Nancy Mehlman, Jason Vollbracht and Devin Heckman (Tax).