Kirkland Advises Fortress on its Acquisition of Real Estate and Energy Assets From Colony Capital

Kirkland & Ellis counseled Fortress Investment Group LLC on its definitive agreement with Colony Capital -- under which one or more affiliates of Fortress will become General Partner and Manager to Colony’s CDCF series of funds, co-investment vehicles and other non-digital real estate and energy positions, representing approximately $2.7 billion in combined assets under management. Under terms of the agreement, Fortress will acquire certain of Colony’s capital account positions in non-digital real estate and energy, including positions related to a portfolio of approximately 40 positions encompassing over 100 properties in Europe and the U.S. Total consideration is $535 million, subject to customary adjustments.

Read Fortress Investment Group’s press release

The Kirkland team was led by corporate partners Shubi Arora and R.J. Malenfant and associate Alia Heintz.