Sidley represented TowerBrook Capital Partners L.P. (TowerBrook) in its investment in Stonebridge Companies (Stonebridge). The transaction was funded through a majority investment from TowerBrook, with a significant minority investment from Related Fund Management, LLC (a multi-strategy real estate investment manager) and a substantial roll-over investment from Navin Dimond, Founder and CEO of Stonebridge. TowerBrook is a purpose-driven, transatlantic investment firm that works to grow and improve large and middle-market companies and has raised a total of US$18.7 billion since its inception. Stonebridge manages and operates over 11,500 hotel rooms (67 hotels) across 13 states in the Midwest, Northeast, South, and West Coast markets.
The Sidley team was led by Private Equity partners Brien Wassner and Vijay Sekhon as well as M&A senior managing associate Cameron Stanton. Significant contributions to this deal were made by Will Schoenfeld, Spencer Lee, and Ashley Wong (Corporate); Christian Brause and Dustin Anderson (Tax); and Eric Wolf and P.C. Wang (Employee Benefits and Executive Compensation).
The team also included: Christopher Rile, Alexandra Greig, and John Torabi, (Corporate); Kelly Dybala and Robert Charles Davidson (Global Finance); Peter Benudiz, Keith Hayden Del Prete, Liza Stone, Jonathan Koh, and Diana Ovsepian (Real Estate); Jennifer Coplan and E. Kyle Barnett (Technology and Life Sciences Transactions); Karen Kazmerzak, Elizabeth Chen, and Laura Collins (Antitrust); Li Wang (Employee Benefits and Executive Compensation); Oliver Currall, Andy Lau, and Alvin Wang (Tax); Alan Charles Raul and Stephen McInerney (Privacy and Cybersecurity); Howard Stanislawski (Global Arbitration, Trade and Advocacy); Eric Hoffman (Labor, Employment and Immigration); and Scott Goldstein (Insurance).
