PEHub.com – TK Partners buys minority stake in Savanna
TK Partners, a consortium of investors led by Tunbridge Investment Partners, has acquired a minority stake in New York City-based Savanna, a real estate investment firm. No financial terms were disclosed. Hunton Andrews Kurth LLP provided legal counsel to Savanna while Skadden LLP did likewise for Tunbridge and TK Partners.
PRESS RELEASE
NEW YORK (August 16, 2018) – Savanna, a New York City-based, vertically integrated real estate investment manager, owner/operator and developer, announced today that it has sold a passive, minority equity stake to TK Partners, a consortium of institutional investors led by Tunbridge Investment Partners. Tunbridge, an affiliate of real estate advisory firm Hodes Weill & Associates, focuses on making strategic, minority equity investments in real estate fund managers. TK Partners is capitalized, in part, with an investment from Kudu Investment Management, a firm that specializes in providing permanent capital solutions to leading investment managers.
