Debevoise & Plimpton kicked off the week by nabbing two deals: advising the Westfield Group on its sale of seven shopping centers to an affiliate of the Starwood Capital Group and representing private equity firm Clayton, Dubilier & Rice on its purchase of Harsco Corporation’s infrastructure division.
Australia-based Westfield is selling the shopping centers–including three in Ohio, two in California, one in Washington and one in Indiana—to Greenwich, Connecticut–based investment firm Starwood for $1.64 billion. The deal is expected to close in the fourth quarter of this year, after which Westfield will retain a 10 percent interest in the shopping centers.
