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Latham & Watkins Advises Bridge Investment Group in Acquisition of the Business of Newbury Partners

February 14, 2023
Multidisciplinary team led by members of the firm’s M&A and Investment Funds Practices represents the real estate investment manager in transaction to acquire a leading private equity secondaries platform.

Bridge Investment Group Holdings Inc. (NYSE: BRDG) (Bridge) has announced that it has entered into a definitive agreement to acquire substantially all of the business of Newbury Partners LLC, an investment manager that specializes in acquiring limited partnership interests in private equity funds through secondary transactions. The all-cash transaction is valued at US$320.1 million.

Latham & Watkins LLP represents Bridge in the transaction with a corporate deal team led by San Diego M&A partners Craig Garner and Kevin Reyes, with associates Jennifer Wong, Claire Drucker, and Madeleine West, and San Diego investment funds partner Nadia Sager, with associates David Moore and Cullen Tyndall. Advice was also provided on tax matters by New York partner Greg Hannibal, with associate Ron Moore; on intellectual property and data privacy matters by Bay Area partner Michelle Gross, with associates Caroline Omotayo and Kiara Vaughn; on employee benefits and ERISA matters by San Diego partner Holly Bauer and Los Angeles counsel Aryeh Zuber; on insurance matters by Los Angeles partner Drew Levin, with associate Hannah Cary; on financing matters by Washington, D.C. partners Jason Licht and Leakhena Mom; and on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Peter Todaro.