Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 20-06-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Cerberus Capital Management Acquisition of Cimenta2 | Industry: | Real Estate Investment & Services |
| Description: |
Ashurst advised US private equity firm Cerberus Capital Management on the EUR225 million acquisition of Cimenta2 by its real estate asset management fund Haya Real Estate. Cimenta2 is the real estate asset management division of Spain's Cajamar banking group.
The deal gives Haya Real Estate control of Cimenta2 and its professional team. Under the terms of the deal, the properties will remain on Cajamar's balance sheet but Haya will manage its EUR7.3 billion real estate loan portfolio for a period of 10 years.
The Ashurst team was led by corporate partner Jorge Vazquez, assisted by senior associate Francisco de Leon, and associates Maria Garcia de Vega, Tannia Rodriguez and Manuel Zapata. Partner Eduardo Gracia led on the tax aspects of the deal, assisted by associates Ricardo Garcia-Borregon and Elena Castellanos. Diana Rodriguez advised on the employment aspects.
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| Financial Center: | Madrid | Value: | 100.01-500.00 |
| Advised Party: | Private Equity Investor | Law Firm | Ashurst |
| Target Company Jurisdiction | Spain | Acquiror Jurisdiction | United Kingdom |
| Classification: |
Financial Buyer Acquisitions Primary Buy-Out |
Lawyer | Jorge Vazquez |
