December 24, 2019
Weil is advising InfraRed Capital Partners, a global provider of infrastructure and real estate investment management services to institutional and pooled fund clients, in its sale of an 80% equity stake to Sun Life Financial Inc., an international provider of insurance, savings and retirement products, and other financial services, for approximately $396 million. The transaction is expected to close during the first half of 2020 subject to customary closing conditions. InfraRed’s owners will have a put option to sell their remaining interest to Sun Life four years from the closing, and Sun Life will have the option to call any remaining interest five years from the closing.
The Weil team advising InfraRed is led by Private Equity partner Harvey Eisenberg and includes Private Equity partner Brian Parness and Private Funds partner James Sargent; Private Equity associates Alexander Miachika, Sean Fitzpatrick, Hancen Yu, Alyssa Leventhal and Katherine Cody and Private Funds associates Philip Baynes and Daniella Abel. The team also includes Private Funds Regulatory partner David Wohl and Private Funds Regulatory associate Marc Schubert (elected partner effective January 1, 2020); Executive Compensation & Benefits partner Sarah Downie; Technology & IP Transactions partner Jeffrey Osterman; Private Funds Tax counsel Aron Joy (elected partner effective January 1, 2020); Antitrust counsel Vadim Brusser; White Collar Defense, Regulatory and Investigations counsel Adam Safwat; Employment Litigation counsel Ivor Gwilliams; Private Funds associates Hannah Cooper and Kavisa Thacker; Executive Compensation & Benefits associates Craig Olshan and Daniel Rios; Technology & IP Transactions associate Phillip Grudzina; Antitrust associate Neil Rigby; and Employment Litigation associate Simon Gorham.