Colliers’ Acquisition of a 65% Stake in Rockwood Capital

Kirkland & Ellis represented Rockwood in the transaction while Sidley advised Colliers.

Rockwood Capital, a leading US real estate investment management firm with more than $12 billion of assets under management, closed its definitive agreement with Colliers pursuant to which Colliers will acquire a 65% stake in Rockwood, with the balance of the equity retained by Rockwood’s senior leadership team who will continue to lead the business under the “perpetual partnership” model with Colliers, providing long-term stability and orderly succession. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2022. Financial terms of the transaction were not disclosed.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients.

Rockwood Capital, LLC is a leading private real estate investment firm with offices in Los Angeles, San Francisco, and New York City. Since inception, the firm has managed funds and separate accounts on behalf of over 130 institutional investors, including public and private pension funds, sovereign wealth funds, endowments, foundations, insurance companies, and high-net worth individuals.

The Kirkland team was led by investment funds partner Jordan Murray (Picture) and transactional partner Michael Reeves and associate Tarah Perkins and included tax partner Stephen Butler. 

The Sidley team was led by New York corporate partners Michael Gordon and Ayo Badejo. The team also included: David Zhao, Christian Bennardo, James Donnelly, Jerry Ford II, and Ashley Wong (corporate); Laurin Blumenthal Kleiman and Victoria Anglin (Investment Funds); Elizabeth McCloy and Will Otter (Real Estate); Eric Wolf, Gregory Matisoff, and Ryan McLeod (Employee Benefits and Executive Compensation); Eric Kauffman and James Weiss (Labor, Employment and Immigration); Kristen Smith (Global Finance); Scott Goldstein (Insurance); Ash Nagdev and Sasha Hondagneu-Messner (Privacy and Cybersecurity); Lauren Grau and Dina Kang (Technology and Life Sciences Transactions); Maureen Crough and Allen Braddock (Environmental); Dominique Gallego, Eric Grosshandler, and Christian Molander-Barraza (Tax); Martin Jackson, James Mendenhall, Grigore Alexandru, and Justin Becker (Global Arbitration, Trade and Advocacy); and Marissa Alter-Nelson, Alex Kaplan, and Cassandra Liu (Litigation).

 

Involved fees earner: Stephen Butler – Kirkland & Ellis; Tarah Lorraine Perkins – Kirkland & Ellis; Jordan Murray – Kirkland & Ellis; Michael Reeves – Kirkland & Ellis; Marissa Alter-Nelson – Sidley Austin LLP; Victoria Anglin – Sidley Austin LLP; Ayo Badejo – Sidley Austin LLP; Justin Becker – Sidley Austin LLP; Christian Bennardo – Sidley Austin LLP; Laurin Blumenthal Kleiman – Sidley Austin LLP; Allen Braddock – Sidley Austin LLP; Maureen Crough – Sidley Austin LLP; James Donnelly – Sidley Austin LLP; Dominique Gallego – Sidley Austin LLP; Scott Goldstein – Sidley Austin LLP; Michael Gordon – Sidley Austin LLP; Lauren Grau – Sidley Austin LLP; Eric Grosshandler – Sidley Austin LLP; Sasha Hondagneu-Messner – Sidley Austin LLP; Martin Jackson – Sidley Austin LLP; Dina Kang – Sidley Austin LLP; Alex Kaplan – Sidley Austin LLP; Eric Kauffman – Sidley Austin LLP; Cassandra Liu – Sidley Austin LLP; Gregory Matisoff – Sidley Austin LLP; Elizabeth McCloy – Sidley Austin LLP; James Mendenhall – Sidley Austin LLP; Christian Molander-Barraza – Sidley Austin LLP; Ash Nagdev – Sidley Austin LLP; Will Otter – Sidley Austin LLP; Kristen Smith – Sidley Austin LLP; James Weiss – Sidley Austin LLP; Eric Wolf – Sidley Austin LLP; Ashley Wong – Sidley Austin LLP; David Zhao – Sidley Austin LLP;

Law Firms: Kirkland & Ellis; Sidley Austin LLP;

Clients: Colliers International; Rockwood Capital;