Carlyle to Acquire Metropolitan Real Estate Equity Management

September 26, 2013

On September 25, 2013, The Carlyle Group (NASDAQ: CG) announced that it will acquire Seward & Kissel client Metropolitan Real Estate Equity Management, LLC, a global manager of real estate fund of funds with approximately $2.6 billion in assets under management.

On September 25, 2013, The Carlyle Group (NASDAQ: CG) announced that it will acquire Seward & Kissel client Metropolitan Real Estate Equity Management, LLC.  The financial terms of the transaction were not disclosed.  The transaction is expected to close in November 2013.  Following the closing, Metropolitan will become part of Carlyle’s Solutions platform.  Its current management team will remain in place and make all investment decisions.

Metropolitan, a registered investment advisor, has approximately $2.6 billion in assets under management across 16 fund of funds and investments in over 180 real estate fund investments in the U.S. and internationally.  Metropolitan manages U.S., non-U.S., global and custom portfolios for its clients, which include institutional investors, endowments and foundations and high net worth investors.  Metropolitan has offices in New York, San Francisco, Boston, London and Hong Kong.  The Seward & Kissel team representing Metropolitan was led by partners Craig Sklar, John Cleary, Jim Cofer and Anne Patin, and includes counsel Michael O’Brien and Adam Lesnick, and associates Gary Anderson, Kamand Daniels, Zelda Ferguson, Irina Kerzhner and Cordelia Kim.

To read the press release, please click here.


Categories

Investment Manager M&A, Private Equity M&A, Transactions