Leading international law firm Dechert LLP advised Wells Fargo in relation to its agreement to purchase commercial real estate loans valued at US$9 billion in the United States, UK and Canada from GE Capital Real Estate as part of an overall transaction valued at approximately US$23 billion. Wells Fargo purchased performing first mortgage loans, and private equity firm Blackstone acquired US and European equity assets as well as first mortgage loans in Mexico, Australia and the US, with Wells Fargo providing financing for certain of Blackstone’s acquisitions.
The Dechert team advising Wells Fargo on the acquisition was led by Richard Jones, who is the chair of the firm’s Finance & Real Estate group. The other lead partners included San Francisco partners David Linder and Kahlil Yearwood, London partner Jeremy Trinder and Los Angeles partner Philippe Phaneuf. The cross border team included partners, counsel and associates from the Finance & Real Estate, Corporate, Tax and Labor & Employment groups.
Source: www.dechert.com
