Sidley represented client Navigator Global Investments Limited (ASX:NGI) in its purchase of a passive strategic ownership interest (a “GP Stake”) in Marble Capital, LP. The transaction diversifies Navigator’s strategic investment portfolio by adding a new investment strategy and provides an attractive earnings profile for Navigator shareholders. The transaction is expected to close in late April 2022.
Navigator is an Australian diversified asset management holding company dedicated to partnering with leading management teams that operate institutional quality businesses globally, primarily in the alternative investment management sector.
Marble Capital is a Houston-based provider of flexible capital solutions for multifamily real estate developers and operators across the United States.
The Sidley team was led by Investment Funds partner Simon M. Saddleton and Private Equity partner Ayo K. Badejo, with assistance from associates Rob Garritano Benjamin P. Sacks and Max Meglio. The team also included Tax partner Scott Pollock and Tax associate Daniel L. Henry, Employee Benefits and Executive Compensation counsel Robert P. Hardy, and Labor, Employment and Immigration counsel Eric G. Hoffman.