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Latham & Watkins Represents Indus Realty Trust in US$868 Million Acquisition by Centerbridge and GIC

February 23, 2023
Multidisciplinary, cross-border team advised on the all-cash public sale transaction.

INDUS Realty Trust, Inc. (Nasdaq: INDT), a US-based industrial/logistics REIT, announced it has entered into a definitive merger agreement with affiliates of Centerbridge Partners, L.P., a leading global private investment firm with deep experience in real estate, and GIC Real Estate, Inc., a global institutional investor, to acquire all of the outstanding shares of INDUS Realty Trust in an all-cash transaction valued at approximately US$868 million.

Latham represented INDUS Realty Trust in the transaction with a mergers and acquisitions deal team led by Los Angeles partner Julian Kleindorfer, New York/Orange County partner Charles Ruck, and Orange County partner Darren Guttenberg, with associates Sean Parish, Abby Timmons, Danny Del Giorno, Amy Lutfi, and Courtney Lem. Advice was provided by Los Angeles partners Brad Helms and Lewis Kneib. Advice was also provided on tax matters by Los Angeles/Century City partner Pardis Zomorodi, with associate Kathryn Harrington; on benefits and compensation matters by New York partner Austin Ozawa, with associate Alisa Hand; on real estate matters by New York partner Justin Elliott, with associates Karen Ritter and Dylan Penza; on environmental matters by Orange County partner Christopher Norton; on regulatory matters by San Diego/Bay Area partner Hanno Kaiser, Washington, D.C. partners Mandy Reeves and Damara Chambers, Brussels partner Héctor Armengod, Brussels counsel Tomas Nilsson, and Washington, D.C. counsel Peter Todaro, with associates Nathaniel Amann and Asia Cadet; and on intellectual property matters by Orange County counsel David Kuiper, with associate Nathan Wages.