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NEW YORK—Eastdil Secured has completed its management-led recapitalization with Temasek and certain institutional clients of Guggenheim Investments taking stakes in the company. Wells Fargo & Co. has retained a minority ownership interest in the real estate investment banking company.
The deal valued the firm at more than $400 million, according to the Wall Street Journal, and allows employees to eventually own more than 40% of the equity.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
