Sale of CWCapital
Our attorneys are representing CW Financial Services (branded as "CWCapital") and its majority owner, Otéra US Holding Inc., in its sale to certain investment funds managed by Fortress Investment Group LLC. CWCapital is a market-leading provider of servicing, special servicing, investment management, advisory and origination capabilities with a specific focus on commercial and multifamily real estate debt. Transaction terms were not disclosed. The transaction is expected to close during the third quarter of 2010, subject to regulatory approvals and closing conditions.