HFF, Inc. to be Acquired by Jones Lang LaSalle for US$2 Billion
March 19, 2019
Dechert LLP acted as legal advisor to HFF, Inc. (HFF) in its definitive agreement with Jones Lang LaSalle Incorporated (JLL) to acquire the outstanding shares of HFF in a cash and stock transaction with an equity value of approximately US$2 billion. The transaction is expected to close in the third quarter of 2019, subject to HFF shareholder approval and customary closing conditions. The transaction is not contingent upon receipt of financing.
HFF is one of the leading providers of capital markets transactions in the US, marked by decades-long relationships with clients, a talented leadership team and best-in-class capital markets advisors. Since 1998, HFF has closed more than $800 billion in over 27,000 transactions, achieving record revenue in 2018 of more than $650 million. JLL is a leading professional services and investment management firm that specializes in real estate.
The Dechert team advising HFF is led by corporate partners James Lebovitz and Ian Hartman, supported by corporate associates Daniel Mozes, Nick Carroll, Cynthia Bien and Sean Herron. Additional support was provided by tax partner Edward Lemanowicz and associate George Davis; labor partner Alan Berkowitz and counsel Ian Downes; employee benefits partner Eric Rubin and associate Andrew Braid; intellectual property partners Violetta Kokolus and Thomas Rayski; and antitrust partner James Fishkin and counsel Beverly Ang.
About Dechert
Dechert is a leading global law firm with 27 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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