Simpson Thacher & Bartlett and Clifford Chance scored lead roles on Blackstone’s $4 billion deal to take Retail Opportunity Investment Corp. private.
Blackstone Real Estate Partners X will purchase all outstanding common shares of ROIC for $17.50 a share in an all-cash deal, according to a Wednesday announcement. ROIC owns 93 grocery-anchored retail properties in Los Angeles, Seattle, San Francisco, and Portland.
M&A partners Brian Stadler and Matthew Rogers led the Simpson Thacher team on the deal, along with Sasan Mehrara, the head of the firm’s real estate practice.
Stadler has advised Blackstone on more than 30 take private transactions, ...
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