 |
Veris Residential is using Gasthalter & Co. as it receives a hostile takeover bid from Kushner Cos.
The bulk of the Jersey City-based real estate investment trust’s properties are located in the Garden State. They include complexes such as Harborside and Port Imperial on the Hudson River overlooking Manhattan.
In his Oct. 20 letter to VR’s board of directors, Charles Kushner notes that he is willing to negotiate but has been “effectively ignored.”
He claims Veris has a bloated overhead and management with little experience in the management of multi-residential units.
Kushner also takes a swipe at Veris CEO London-based Mahbod Nia. “Veris cannot continue to be operated from Europe,” wrote Kushner.
Veris is evaluating Kushner Cos. $16-per-share offer.
Gashalter & Co. has Amanda Shipner and Grace Cartwright representing Veris.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
Have a comment? Send it to 
No comments have been submitted for this story yet.