The deal was led out of London and harnessed Reed Smith’s newly bolstered capabilities in the area of equity capital markets and REIT financings. The firm’s combined abilities in capital markets, financial regulation and tax, as well as its broad knowledge of the real estate sector, were required to successfully advise on the REIT-specific aspects of the fund structure.
“We were hugely excited to work on this transaction for Jefferies, which is the first IPO we have advised them on”, said Daniel Winterfeldt, US Securities and Global Capital Markets partner in London. “It was highly rewarding to collaborate across our tax, capital markets and financial regulatory teams to successfully advise on the transaction, which in turn will allow the client to further consolidate its position as a leading sponsor and broker to REITs”.
Corporate and Global Capital Markets partner Delphine Currie added: “We are pleased to have assisted Jefferies and their client Residential Secure Income on a successful IPO. The international reach of Reed Smith was enormously helpful as the offer was made into a number of jurisdictions. Having US securities advice here in London was very important to the client and assisted greatly in meeting the timetable.”
Reed Smith’s capabilities in the areas of capital markets, financial regulatory and tax have grown significantly in recent months with a series of new arrivals, including the arrival of a 50-strong team from King & Wood Mallesons (KWM) in January 2017. This bolstered knowledge and capability across Reed Smith’s global platform, allowing the firm to operate at the forefront of the increasingly popular and complex area of REITs and REIT financings.
The team was led by Global Capital Markets partners Daniel Winterfeldt and Delphine Currie with support from financial regulatory partner Tim Dolan and tax partner Gareth Amdor (all London), as well as senior associate Johnathan Webber (London) and senior U.S. securities associate Patricia O’Donnell (New York).
Norton Rose Fulbright was legal adviser to Residential Secure Income.
ENDS
About Reed Smith
Reed Smith is a global law firm with more than 1,700 lawyers in 27 offices across Europe, the Middle East, Asia and the United States.
The firm’s five main industry sectors are financial services, energy and natural resources, entertainment and media, shipping and life sciences.
For further information, please visit reedsmith.com or contact April French (PR and communications manager) on +44 (0)20 3116 2557.
