Simpson Thacher represented The Blackstone Group in connection with its agreement to manage Bank of America Merrill Lynch’s Asian real estate assets and to act as the new general partner for the Merrill Lynch Asian Real Estate Opportunity Fund. The combined Merrill Lynch portfolio (valued in excess of $2 billion) consists of assets geographically spread across Asia, with the substantial majority located in four markets: Japan, China, India and South Korea. The transaction closed on November 23, 2010. Terms of the transaction were not disclosed.
The Simpson Thacher team included: Wilson Neely, Elizabeth Cooper, Kim Vu and Ignacio De La Huerta (M&A); Michael Wolitzer, Peter Gilman, Michael Sabin and Matt Rogers (Private Funds); Farhad Karim and Elizabeth Jin (Real Estate), John Hart, Sean Austin and Jason Vollbracht (Tax); Greg Grogan, Jamin Koslowe and Wonda Quinn (Executive Compensation and Employee Benefits); and paralegals Lana Nourouz and Yvonne Colebank.
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