Kirkland & Ellis LLP advised Blackstone Group (NYSE:BX), one of the world’s leading investment firms, as the majority stockholder of Invitation Homes (NYSE: INVH), a leading owner and operator of single-family rental homes in the United States, in the agreement to combine Invitation Homes with Starwood Waypoint Homes (NYSE:SFR), one of the largest publicly traded owners and operators of single-family rental homes in the United States, in a 100 percent stock-for-stock merger-of-equals. The combined company will create the leading single-family rental company in the United States with 82,000 homes and an enterprise value of approximately $20 billion including debt. The transaction is expected to close by year-end, subject to approval by Starwood Waypoint Homes stockholders and other customary closing conditions. The full press release is available here.
The Kirkland team was led by corporate partners Daniel Wolf, Peter Martelli and Dvir Oren.