Akin Advises Kennedy Lewis on $150 Million Strategic Investment in Great Elm Group’s Real Estate Platform
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(New York) – Akin advised Kennedy Lewis Investment Management (“Kennedy Lewis”) in connection with its $150 million strategic investment in Great Elm Group, Inc., a publicly traded alternative asset manager.
Under the terms of the transaction, Kennedy Lewis is providing an initial $100 million term loan to Monomoy Properties REIT, a key component of Great Elm’s real estate platform, with an option for an additional $50 million in future capital.
In addition to the debt financing, Kennedy Lewis has acquired 4.9% of Great Elm’s common stock at market price and will hold an initial 15% profits interest in the newly formed Great Elm Real Estate Ventures, LLC.
KLIM is also appointing a board representative at each of Great Elm and Monomoy REIT, cementing its position as a long-term partner.
The Akin team advising Kennedy Lewis was led by corporate partners Chad Nichols and Zachary Wittenberg and included counsel Lech Wilkiewicz and Yehuda Raskin and associates Brady Pedneau, Wanyi Zhang and Kori Dean. Tax advice was provided by partner Josh Williams, counsel Tim Higgins and associate Michael Mayor. Associate Atsushi Oshima advised on trade matters.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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