"Plymouth Industrial REIT Announces $2.1 Billion Merger Agreement with Makarora Management and Ares Alternative Credit"

"Plymouth Industrial REIT, Inc. has announced a definitive merger agreement with Makarora Management LP and Ares Alternative Credit funds, under which they will acquire all outstanding shares of Plymouth's common stock and limited partnership interests for approximately $2.1 billion in cash, including certain debt assumptions. Latham & Watkins LLP provided legal representation for Ares in the transaction."

In the recent transaction involving Plymouth Industrial REIT, Inc., the law firm Latham & Watkins LLP represented Ares Alternative Credit funds. Plymouth Industrial REIT, Inc. has entered into a definitive merger agreement under which entities affiliated with Makarora Management LP and Ares Alternative Credit funds will acquire all outstanding shares of Plymouth’s common stock and all outstanding limited partnership interests of Plymouth Industrial OP, LP. The all-cash transaction is valued at approximately US$2.1 billion, which includes the assumption of certain outstanding debt. The legal team from Latham & Watkins LLP involved in this transaction includes Los Angeles/New York partner Julian Kleindorfer, Chicago partner Owen Alexander, and Los Angeles partner David Zaheer, along with associates Mack Weber, Cory Lewis, Cristina Lombardi, Shoumick Hasan, and Sean Kim. Additionally, Los Angeles partner Pardis Zomorodi and counsel Eric Song, with associate Dennis Poehland, provided advice on tax matters. New York partner Betsy Jaffe advised on finance matters, while New York partner Katherine Rocco, Washington, D.C. partner Peter Todaro, and New York counsel Jamie Sadler handled antitrust matters. Boston partner Josh Friedman provided guidance on executive compensation, employment, and benefits matters.

"Plymouth Industrial REIT Announces $2.1 Billion Merger Agreement with Makarora Management and Ares Alternative Credit"

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