Partnership/Joint Venture Restructuring
During the past 20+ years, senior professionals within Rockwood have represented numerous insurance companies, investment banks, fund managers, foundations, corporations and private investors that were seeking to restructure or exit from a partnership or joint venture that was no longer functioning as originally contemplated by the parties. Factors motivating such conclusions include cases in which the parties’ interests were no longer financially aligned, one or both parties had ceased to function at an acceptable level, disagreements regarding strategy and/or operations, and/or loan default by an operating partner; to mention a few.
In all cases, both resolution of the contributing issues as well as achievement of our client’s objectives requires implementation of a highly discreet problem solving process that involves analysis and evaluation of all legal documentation by Rockwood working in concert with our client’s legal counsel, an analysis and valuation of all assets of the partnership or joint venture and development of a strategy that optimizes achievement of our client’s objectives. In certain instances, the process may also involve commissioning and oversight of a forensic audit.
Assignments executed by Rockwood's senior staff have included the restructuring of:
On behalf of a major foundation Rockwood negotiated dissolution of a real estate partnership that owned more than 6,000 apartments and 600,000 feet of retail space, valued at more than $600 million, after which Rockwood completed the asset management and disposition of the assets retained by our client.
Rockwood negotiated numerous dissolutions of partnerships between an investment banking client and an operating partner, followed by the asset management and disposition of the asset or assets by Rockwood.
Rockwood advised a Mexican development company regarding the negotiated separation from its capital partner.
