26 10 2015

NorthStar acquires 85% interest in Townsend Group from GTCR

Kirkland & Ellis LLP advised GTCR, a leading private equity firm, in its definitive agreement to sell its interest in The Townsend Group to NorthStar Asset Management Group (NYSE: NSAM), a global real estate asset management firm.


GTCR, LLC is a private equity and venture capital firm specializing in mezzanine, middle market, PIPES financing, growth capital, buyouts, investments through acquisitions, and bolt-on acquisitions. The firm, led by Anna May L. Trala, Christian B. McGrath, Jeffrey S. Wright, David A. Donnini and Philip A. Canfield, was founded in 1980 and is based in Chicago. The Townsend Group is a leading provider of global investment management and advisory services focused exclusively on real estate and real assets. The details of the transaction were not disclosed. NorthStar Asset Management Group Inc. (NYSE: NSAM) is a global asset management firm focused on strategically managing real estate and other investment platforms in the United States and internationally. Morgan Stanley & Co. LLC has acted as sole financial advisor to NSAM on this transaction and Morgan Stanley Senior Funding, Inc. is the lead provider of the $500 million debt financing commitment to NSAM. The Kirkland team included corporate partners Stephen Ritchie (Picture), Ryan Harris, Chris Thomas and Dan Guerin and associates Lauren Dragich and Mike Cannell; and tax partner Russell Light and associate Joel Peters-Fransen. Involved fees earner: Stephen Ritchie - Kirkland & Ellis; Ryan Harris - Kirkland & Ellis; Christopher Thomas - Kirkland & Ellis; Daniel Guerin - Kirkland & Ellis; Lauren Dragich - Kirkland & Ellis; Michael Cannell - Kirkland & Ellis; Russell Light - Kirkland & Ellis; Joel Peters-Fransen - Kirkland & Ellis;

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