Sidley is advising Starwood Property Trust in its acquisition of GE’s Energy Financial Services’ Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan commitments. The acquired business will leverage the extensive experience of the Company’s affiliate, Starwood Energy Group, which specializes in comparable energy infrastructure equity investments and has executed transactions with approximately $7 billion in asset value since its inception in 2005.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company’s core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. With total capital deployed since inception of over $44 billion, Starwood Property Trust continues to solidify its position as one of the premier real estate finance companies in the country.
The Sidley deal team was led by New York-based M&A partner Michael A. Gordon as well as partners Richard W. Astle (Capital Markets, Chicago) and Irv Rotter (Project Finance and Infrastructure, Houston). The team also included associate Fayzan Bakhtiar (M&A, New York); partners David Miller (New York) and Ivy Jones (Los Angeles); finance partner Ram Burshtine (New York) and associate Kelly Lazaroff (Chicago); employee benefits and executive compensation partner Audry Casusol (New York); derivatives partner Ellen Pesch (New York) and technology and IP transactions partner Jennifer Coplan (New York).