Tricon Capital Group $1.4 billion acquisition of Silver Bay Realty Trust

27/2/2017

Public acquisition

Value:

$ 1.4 billion

Status:

Announced

Date:

27/2/2017

Overview:

Canada-based asset manager Tricon Capital has acquired US real estate company Silver Bay Realty Trust in a $1.4 billion deal.
Tricon will also assume $600 million of Silver Bay's debt.
Silver Bay is a housing rental real estate investment trust (REIT).
Goldman Sachs acted as financial adviser for Silver Bay.
The transaction is expected to close in the second half of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

Canada
United States

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Real estate

Firms:

Goodmans

Party: Tricon Capital (Acquirer)

Lawyers: John Connon, Mark Surchin

Orrick Herrington & Sutcliffe

Party: Silver Bay Realty Trust (Target)

Lawyers: Karen Dempsey, Richard Smith

Paul Weiss Rifkind Wharton & Garrison

Party: Tricon Capital (Acquirer)

Lawyers: Dale Sarro, Matthew Abbott, Ross Fieldston

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