White & Case Advises Oak Hill Advisors on Globalworth Real Estate Investments Subscription | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Oak Hill Advisors on Globalworth Real Estate Investments Subscription

White & Case Advises Oak Hill Advisors on Globalworth Real Estate Investments Subscription

Global law firm White & Case LLP is advising Oak Hill Advisors (Europe) LLP (Oak Hill Advisors) in connection with the proposed subscription for shares by Growthpoint Properties Limited and funds and/or accounts managed by Oak Hill Advisors and its affiliates, which has been announced by Globalworth Real Estate Investments Limited (Globalworth) and is expected to raise proceeds of around €200 million.

"We've been advising cornerstone clients, York Capital and Oak Hill Advisors since they made their first investment in Globalworth during 2014," said London-based White & Case partner Marcus Booth, who led the Firm's deal team. "We are pleased to be supporting Oak Hill Advisors on their latest proposed investment, as part of a fundraising which is of strategic importance for the ongoing development of Globalworth."

Globalworth's Board has recommended certain proposals which now require shareholder approval, and a shareholder vote will take place on December 19, 2016. Funds raised from the Subscription will be used to develop the Globalworth Campus project, pursue attractive pre-identified investment opportunities in line with its investing policy, and for other general corporate purposes.

The White & Case team in London which advised on the transaction included partners Marcus Booth, Christian Pilkington and Philip Broke, with support from associates Michael Mountain, Sam Davies and Christian Holbrook (all London).

Press contact
For more information, please speak to your local media contact.