Global law firm White & Case LLP has advised the book running lead managers on the qualified institutions placement (QIP) of units in Brookfield India Real Estate Trust (Brookfield REIT), valued at approximately US$277 million.
"This transaction, which attracted strong investor interest, marks our fifth Brookfield portfolio deal, comprising four QIPs by Brookfield REIT and the US$409 million initial public offering of Schloss Bangalore Limited, a Brookfield‑sponsored company that owns and operates The Leela luxury hotels in India," said White & Case partner Rahul Guptan, who co-led the Firm's deal team.
Sponsored by an affiliate of Brookfield Corporation, Brookfield REIT is India's first institutionally managed public commercial real estate vehicle. A portion of the proceeds raised from the QIP will be used to repay certain debt facilities of the REIT and its asset special purpose vehicles.
The book running lead managers were Kotak Mahindra Capital Company Limited, JM Financial Limited and Avendus Capital Private Limited.
The White & Case team which advised on the transaction was led by partners Rahul Guptan (London) and Kaya Proudian (Singapore) and included associates Yuning Zhou (Hong Kong) and Tarang Nagar (London).
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