backLONDON, Feb. 5, 2016 — King & Spalding represented UK-based development finance company Maslow Capital on a newly established real estate investment joint venture with TPG Special Situations Partners (TSSP), the dedicated credit and special situations platform of TPG.
The new joint venture, which was announced on Jan. 21, will leverage the collective expertise of both companies in the real estate lending sector. The newly formed exclusive relationship will focus on direct lending in the UK real estate sector to fill the funding shortfall left when mainstream banks exited the sector. Specific financial details of the joint venture were not disclosed.
Maslow, established in 2009, is a leader in the UK residential property development finance market, providing senior stretch and mezzanine finance to experienced developers. TSSP has extensive experience with global public and private investments executed through primary originations, secondary market purchases and restructurings.
The King & Spalding team was led by London-based corporate senior associate Ilan Kotkis. Other London lawyers involved were partners John Taylor and Kevin Conway (tax), Nigel Heilpern (real estate), Elisabeth Baltay (finance) and Maslow’s relationship partner Sarah Walker (disputes).
About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.