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Religare Agrees to Acquire Percentage of Landmark Partners
Paul, Weiss client Religare Enterprises Limited, an emerging markets financial services group, has announced a strategic investment, through its wholly owned subsidiary Religare Global Asset Management Inc., in Landmark Partners, a private equity and real estate fund-of-funds asset manager. Religare is to acquire a 55 percent stake in the business of Landmark Partners for consideration of up to $171.5 million.
The Paul, Weiss team advising Religare includes corporate partner Steve Williams and counsel Didier Malaquin; tax partner David Mayo; and employee benefits partner Larry Witdorchic.