NEW YORK, NY--(Marketwire - February 16, 2011) - King & Spalding advised ING Clarion Partners' senior management team, which, in partnership with Lightyear Capital, has purchased ING Group's U.S.-based private market real estate investment management business for $100 million. Clarion Partners is the Americas division of ING Real Estate Investment Management's private equity organization. Lightyear is a leading New York-based private equity firm focused on financial services investing.
For more information about this transaction, click here.
The King & Spalding legal team involved in this deal was led by New York-based capital transactions and real estate partners Tony W. Rothermel and John D. Wilson. Other members of the team were
Capital Transactions and Real Estate
Andrew H. Charles (partner, New York)
Kathryn M. Furman (partner, Atlanta)
Joshua M. Kamin (partner, Atlanta)
Susan E. Foxworth (counsel, Atlanta)
Sara W. Brown (associate, New York)
Robert T. Carroll (associate, Atlanta)
Seth N. Chadwell (associate, Atlanta)
Ezgi Kaya (associate, New York)
Kristina Kopf Thomas (associate, Atlanta)
Jeannette Marshall (associate, New York)
R. Davis Powell (associate, New York)
Corporate:
John S. Herbert (partner, New York)
John J. Kelley, III (partner, Atlanta)
C. Spencer Johnson (associate, Atlanta)
Tax
James H. Lokey (partner, Atlanta)
Employee Benefits and Executive Compensation:
Kenneth A. Raskin (partner, New York)
Laura R. Westfall (associate, New York)
Intellectual Property:
W. Scott Petty (partner, Atlanta)
Lisa B. Sims (associate, Atlanta)
Founded in 1982 and based in New York, Clarion Partners was purchased by ING Group in April 1998, and has been a key division of the global real estate organization for 12 years. Clarion Partners has broad market reach in the Americas, with more than 250 employees in major markets throughout the U.S. and a presence in Mexico and Brazil. With assets of more than $22 billion, Clarion manages private equity real estate across a wide range of products and strategies for institutional and individual investors.
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Matt Hyams
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