Fairness Opinion
The Opinions Practice of Kroll Rendered a Fairness Opinion in Connection with the Roll-Up of Certain Retail Properties in India and IPO of Nexus Select Trust
Jul 05, 2023
Fairness Opinion
Fairness Opinion Cobalt Capital Partners
The industrial real estate assets managed by Cobalt Capital Partners, along with its platform, have been acquired by Colony Financial, Inc. Advised the boards of directors and the executive management committee of the three real estate investment funds.
On December 18, 2014, ColFin Industrial Holdings, LLC, a wholly owned subsidiary of Colony Financial, Inc. (NYSE:CLNY), acquired a portfolio of three light industrial real estate investment trusts (REITs) and the operating platform of Cobalt Capital Partners, L.P. for an aggregate purchase price of $1.6 billion.
About Cobalt Capital Partners
Cobalt Capital Partners, L.P. together with its three REITs, own and manage a portfolio of 256 light industrial properties (298 buildings) across 16 major U.S. metropolitan markets, with Atlanta, Dallas and Chicago comprising over half of the portfolio.
About Colony Financial, Inc.
Colony Financial, Inc. is a publicly-traded REIT that focuses on acquiring, originating, and managing various real estate-related debt and equity investments.
Transaction Role
Duff & Phelps served as an independent financial advisor to the boards of directors and the executive management committee of the three REITs and rendered a fairness opinion that the aggregate purchase consideration of $1.6 billion and the relative value allocated to each of the REITs and the management company were fair to the REITs from a financial point of view.
Corporate Finance and Restructuring
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Fairness Opinions
Fairness Opinions
#1 ranked provider of fairness opinions for boards of directors and special committees.
Valuation Services
Valuation Services
When companies require an objective and independent assessment of value, they look to Kroll.
Mergers and Acquisitions (M&A) Advisory
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
Transaction Advisory Services
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.