Press Release

Kirkland Advises Waterton on Strategic Minority Investment from Almanac Realty Investors

Kirkland & Ellis advised Waterton, a national real estate investor and operator, on its agreement with a fund managed by Almanac Realty Investors (Almanac), the private real estate investment arm of Neuberger Berman, to acquire a passive, minority ownership stake in Waterton. The strategic investment will provide additional resources to Waterton while having no impact on the day-to-day management, operations or business decision-making process. Terms of the transaction were not disclosed.

Read the Waterton press release

The Kirkland team was led by corporate partners Michael Reeves and John Berger and investment funds associate Steven Robles and included tax partner Stephen Butler and associates Steven Cantor and Katherine Karnosh, investment funds partners Daniel Lavon-Krein, Kelly Ryan and Brett Saltzman, corporate associate Sarah Yang, investment funds regulatory partner Alpa Patel and associate Timothy Nolan and employee benefits of counsel Jack Bernstein.