Dubai: International private equity firm Berkeley Assets has signed a contract with DLA Piper which places the global business law firm in charge of the company’s legal matters as it expands into new markets.
The new agreement builds on an already healthy working relationship between Berkeley and DLA Piper which has offices in all jurisdictions where the company currently operates.
Commenting on the new agreement, Omar Jackson, Partner at Berkeley Assets said: “Working with a law firm which knows our business thoroughly and understands how to support our aggressive expansion plans throughout the world has been vitally important. Our relationship with DLA Piper continues to go from strength to strength.”
Berkeley Assets recently announced its global expansion plans, adding a range of new offices to the existing locations in London and Dubai. Offices in Marbella and Mexico City opened in Q2 while outposts in Africa and the Far East are set to follow throughout 2019 and 2020.
Sam Millar, Partner at DLA Piper, said: "We are delighted to have entered into a new agreement with Berkeley Assets as the company’s legal services provider. We are well placed to provide legal support to Berkeley Assets in all of the jurisdictions in which it operates and look forward to working ever closer with the team to assist in driving their global business strategy."
Berkeley Assets raised US$112.8 million in total in 2018, with US$16.2 million generated from the retail market and the remainder from institutional investors, far exceeding its capital raising targets.
The company’s portfolio of properties spans multiple sectors and includes existing and new to market assets in some of the world’s most sought after locations, including London, New York, and Miami.
The private equity firm operates more than 150 businesses, helping property developments, hospitality concepts and emerging businesses thrive. All underlying assets of the business are located in the UK and USA. The company’s portfolio of properties spans multiple sectors and includes existing and new to market assets in some of the world’s most sought after locations in the UK and USA.
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© Press Release 2019