Business Wire

Eastdil Secured Announces Definitive Agreement for Management-Led Recapitalization, in Partnership with Temasek and Clients of Guggenheim Investments, Solidifying Position as Premier Private Independent Real Estate Investment Bank

Share

Eastdil Secured, LLC (“Eastdil Secured” or the “firm”), the original, premier private real estate investment banking company, today announced it has entered into a definitive agreement on a management-led recapitalization in partnership with Temasek, a global investment company headquartered in Singapore, and certain institutional clients of Guggenheim Investments. Following the sale, which is expected to be completed by the fourth quarter of 2019, the firm will be privately held, and Wells Fargo & Company (“Wells Fargo”), Eastdil Secured’s current owner, will retain a minority ownership interest and maintain the public market investment bankers, who will transition to Wells Fargo’s Corporate & Investment Banking division. The firm will maintain its name and continue to be led by Benjamin V. Lambert as Chairman, Roy Hilton March as Chief Executive Officer, D. Michael Van Konynenburg as President, as well as its current Management Committee. The terms of the transaction were not disclosed.

With a record of successfully advising clients on the largest, most relevant real estate transactions, Eastdil Secured holds the top market share for 2018 and year to date 2019 for real estate deals greater than $100 million across all property types in the United States. In 2018, Eastdil Secured advised on 827 transactions for $243.5 billion. In partnership with Guggenheim Investments and Temasek, Eastdil Secured will be positioned to further enhance its leading role in the U.S. commercial real estate capital markets, while also strengthening its growing presence in both Europe and Asia.

“We are excited to embark on this next chapter of Eastdil Secured’s evolution,” said Benjamin V. Lambert, Chairman of Eastdil Secured. “With our new long-term partners, we will continue to be the leader in our industry by providing our clients with a unique combination of real estate and capital markets expertise.”

Roy Hilton March, Chief Executive Officer of Eastdil Secured, said, “Guggenheim Investments, on behalf of certain institutional clients, and Temasek represent ideal partners for Eastdil Secured as we embark on this next stage of growth. The eagerness of our professionals to acquire a meaningful stake in the future of Eastdil Secured, alongside these preeminent investors, underscores our shared confidence in our firm’s people and future. Most importantly, through this transaction, we will be better able to serve our clients with investments in enhanced technology, a broader footprint and deeper global relationships. Ultimately, our new ownership structure will allow us to continue providing truly independent, global advice and ensure our clients receive differentiated guidance in an increasingly competitive market.”

D. Michael Van Konynenburg, President of Eastdil Secured, added, “In today’s environment, clients need a trusted advisor that prioritizes their goals, not the commissions of any individual, and this is what has and will continue to set Eastdil Secured apart. We will continue to execute the most impactful deals that advance our clients’ objectives, and we look forward to capitalizing on our new partners’ substantial networks and global insight.”

The firm will continue to have its U.S. headquarters in New York City and Los Angeles and its Europe headquarters in London, with additional domestic offices in Atlanta, Boston, Chicago, Dallas, Orange County, San Francisco, Seattle, Silicon Valley and Washington D.C., and additional international offices in Dubai, Frankfurt, Hong Kong and Tokyo. Eastdil Secured is the only firm with a team dedicated to raising capital and placing deals in Asia and the Middle East. Eastdil Secured will continue to leverage its global presence to provide clients with connectivity between the largest and most active real estate investors and lenders in the world.

About Eastdil Secured

Eastdil Secured is the original, premier private real estate investment banking company with the mission to create value for our clients through creative, actionable ideas and flawless execution, and to be the most relevant and trusted advisor in the commercial real estate capital markets. Eastdil Secured has built its expertise into a knowledge franchise that is recognized as the dominant force in commercial real estate and investment banking by private investors and institutions alike. Its unrivaled combination of capital markets know-how and in-depth understanding of real estate fundamentals allows the firm to deliver on its promises in order to meet the precise needs of its clients.

Contact information

Media:
Joele Frank, Wilkinson Brimmer Katcher
Jonathan Keehner / Andrew Siegel / Jillian Kary
212-355-4449

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Moody’s Analytics Launches Tool for COVID-19 News Sentiment Analysis3.6.2020 12:00:00 CESTPress release

Moody’s Analytics has launched Coronavirus Pulse, a machine learning-enabled tool for gauging COVID-19 news sentiment. This tool allows market participants to search for real-time news coverage, see COVID-19-related news stories about a chosen financial institution, company or sector, and view whether each story has adverse, neutral, or positive sentiment. Coronavirus Pulse can be accessed free of charge from the Moody's Coronavirus Effects web page, which offers research and views on the credit and economic impacts of the pandemic. “As the coronavirus crisis evolves, we recognize that comprehensive and timely information is imperative to decision makers,” said Keith Berry, Executive Director of Moody’s Analytics Accelerator. “Coronavirus Pulse complements quantitative analysis by helping market participants more efficiently identify emerging risk themes for the sectors they monitor.” Coronavirus Pulse uses machine learning and natural language processing to find English-language news

Kioxia Announces English Version of World’s First AI-Designed Manga3.6.2020 11:30:00 CESTPress release

Kioxia Corporation today announced that an English version of “PHAEDO,” a new manga created and designed by AI and human collaboration, inspired by the artistic style of manga legend Osamu Tezuka, will be released on June 3 as part of TEZUKA 2020, the first phase of Kioxia’s #FutureMemories brand campaign. PHAEDO, which debuted in February in Japanese comic magazine “Morning,” will be made available for English-language audiences on Kioxia’s TEZUKA 2020 website. PHAEDO is the world’s first1 international manga created through human collaboration, high-speed and large-capacity memory and advanced AI technologies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200603005356/en/ "PHAEDO" (Graphic: Business Wire) The process of developing PHAEDO involved using AI technology to generate the story and create the characters. As a first step, to learn the essence of Tezuka’s work and his characteristics as a writer, AI analyzed 130 m

Optimized Dynamic Pricing by Pricefx Now an SAP Endorsed App3.6.2020 09:30:00 CESTPress release

Pricefx, the global leader in native cloud pricing software, today announced that its Optimized Dynamic Pricing (ODP) solution is now an SAP endorsed app, available for online purchase on https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sapappcenter.com&esheet=52228101&newsitemid=20200603005076&lan=en-US&anchor=SAP%26%23174%3B+App+Center&index=3&md5=6b7cd3709fe2c98ac5c4b42130f2005c SAP® App Center. SAP Endorsed Apps are a new category of solutions from SAP’s partner ecosystem to help customers become best-run, intelligent enterprises. Endorsed apps are meant to deliver value with desired outcomes. “In the current economic climate, businesses are increasingly evaluating pricing software as a way to increase revenue and drive profit,” said Joe Golemba, Vice President, Ecosystem and Partners of Pricefx. “As such, we are delighted that our ODP solution is an SAP endorsed app and available to help businesses that use SAP solutions succeed at pricing. Our price optimizati

IFF to Webcast Fireside Chat at Stifel Virtual Cross Sector Insight Conference June 82.6.2020 22:15:00 CESTPress release

Regulatory News: IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), a leading innovator of taste, scent and nutrition, today announced that the Company’s management will be participating in a fireside chat at the Stifel Virtual Cross Sector Insight Conference on Monday, June 8, 2020 at 4:00 PM ET. Investors may access the live webcast on the Company's website at ir.iff.com. For those unable to listen to the live webcast, a recorded version will be made available for replay. Welcome to IFF At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20200602005897/en/Contact information Micha

ZOOM International to Begin Doing Business As Elevēo2.6.2020 16:00:00 CESTPress release

ZOOM International a worldwide leader in omni-channel compliance recording, workforce optimization (WFO), and revenue protection software for contact centers will begin doing business solely as elevēo beginning June 2nd, 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200602005093/en/ For over 20 years, ZOOM International has been a leading workforce optimization software provider in the contact center industry. Very early on, we were approached to solve a compliance problem with call recording. We built a creative software solution in record time, and began a journey crossing continents, employing hundreds of colleagues, and eventually improving operations, compliance, and customer experience for thousands of customers in 94 countries via more than 550 channel partners in the communications industry. Over time we have earned an 88 NPS score from ZOOM International customers & partners for our world-class support and in

Dr Evidence (DRE), an AI-Enabled SaaS Healthcare Insights Company, Taps Industry Experts Joseph A. Boystak as Chairman of the Board and Ameet Nathwani, MD, as Chairman of its Newly Formed Medical Strategy Advisory Board2.6.2020 16:00:00 CESTPress release

DRE is pleased to welcome Joe Boystak as Chairman of the Board and Ameet Nathwani, MD, as Chairman of its newly formed Medical Strategy Advisory Board (MSAB). These enhancements to the Company reflect the expanded need for keen guidance in this unprecedented time of convergence between expert AI-enabled technology in healthcare and the exponential growth of clinical information. DRE is dedicated to applying sophisticated data science with advanced AI to generate quicker, deeper, more nuanced regulatory-grade scientific and clinical insights for the betterment of patient outcomes. Boystak is an experienced healthcare venture capitalist and senior healthcare investment banker having been Founding Managing Partner at Health2047 Capital Partners and Founding Managing Director, Global Life Sciences at Jefferies. He is CEO of Brightwaters Capital and is a serial co-founder/investor in biomedical, med tech, health information technology, and artificial intelligence companies with spinouts fro