Kathryn Furman is a partner in King & Spalding’s Capital Transactions and Real Estate Practice Group.
Ms. Furman’s practice focuses on fund formation and offerings, joint venture formation and negotiation and secondary transactions. Ms. Furman advises fund sponsors in the structuring and formation of investment funds and fund investors in reviewing and negotiating the terms of their investments. She routinely counsels such clients on exemptions and other compliance matters under the Investment Company Act of 1940 and the Investment Advisers Act of 1940, as well as under the Volcker Rule. She also has extensive experience in a variety of M&A transactions, including public and private company mergers, leveraged buyouts, going private transactions and strategic investments. Her experience includes the representation of clients in a number of industries, including the real estate, energy, and healthcare industries.
Selected transactions include:
- Representation of Prologis, Inc. in connection with the formation of its €470 million joint venture with Allianz Real Estate to acquire, own and operate logistics real estate in the eurozone;
- Representation of Prologis, Inc. in the formation of Prologis Brazil Logistics Partners Fund I, L.P., a closed-end real estate fund with aggregate capital commitments of approximately $420 million;
- Representation of Prologis, Inc. in connection with the formation of its joint venture with Cyrela Commercial Properties S.A. Empreendimentos e Participações, a Brazilian public company, to acquire and develop industrial real estate located in Brazil;
- Representation of Arcapita Bank B.S.C.(c) in connection with a sale of interests in five of Arcapita’s portfolio companies to funds managed by an undisclosed secondary market private equity firm;
- Representation of Arcapita Bank B.S.C.(c) in the formation of a $150 million off-shore venture capital fund;
- Representation of Clarion Partners in the formation of a joint venture with Lehman Brothers to sponsor a real estate private equity fund in connection with the $2.8 billion acquisition of Gables Residential Trust and in the formation of the fund;
- Representation of Clarion Partners in its $1.5 billion acquisition of Crow Industrial Trust and the formation of Lion Industrial Trust, a commingled, open-ended industrial real estate investment fund;
- Representation of GE Capital Real Estate in connection with the formation of its joint venture with Angelo, Gordon & Co., L.P., which joint venture entity serves as a fund manager for the U.S. Department of Treasury’s Legacy Securities Public-Private Investment Program (PPIP);
- Representation of GE in the formation of a $300 million joint venture with NRG Energy, Inc. and Conoco Phillips to provide venture financing for next-generation energy technology;
- Representation of GE in connection with the negotiation of numerous non-control investments in companies in the energy, healthcare and media industries;
- Representation of Haddington Ventures in connection with the formation of a series of private equity funds investing in the energy sector and the formation of related co-investment vehicles;
- Representation of Lion Industrial Trust, an open-ended industrial real estate fund managed by Clarion Partners, in the private placement of more than $275 million in preferred shares;
- Representation of Prologis in connection with the formation of a separate account for OPERF to invest in Prologis funds;
- Representation of Prologis in the formation and ongoing representation of Prologis Targeted U.S. Logistics Fund (“USLF”) an open-ended fund investing in industrial real estate in the U.S.;
- Representation of Prologis in the formation and ongoing representation of Prologis Target Europe Logistics Fund, an open-ended fund investing in industrial real estate in Europe.
Ms. Furman speaks frequently on mergers and acquisitions and fund formation related topics. She was named as one of the top fourteen young Atlanta lawyers “On the Rise” in 2006 by The Fulton County Daily Report. Ms. Furman also serves as the Co-Chairman of the firm’s Pro Bono Committee, responsible for transactional matters.
Ms. Furman graduated, magna cum laude, from Davidson College in 1991 with a B.A. in economics and a concentration in international studies. She received her J.D., cum laude, from the Harvard Law School in 1994. Ms. Furman is fluent in German. She is a member of the State Bar of Georgia.
