Brandon Hemans is a real estate associate in the New York office of Kirkland & Ellis LLP.
Experience
Representative Matters
Real Estate
Equinox Group, the owner of a high-growth collective of influential luxury lifestyle brands, including Equinox Fitness Clubs, SoulCycle, Equinox Hotels and Blink Fitness, in a comprehensive refinancing of its capital structure that enhanced liquidity and resulted in significant maturity extensions across its capital structure. The proceeds of the $1.8 billion financing, which was led by Sixth Street and Silver Lake, in addition to a consortium of other private credit funds, were used to refinance the existing first lien, second lien and revolving credit facilities of the Equinox clubs and fund working capital across the Equinox Group brands.
Client on its acquisition of a mezzanine loan secured by a boutique hotel in New York City
Carvana Co. (“Carvana”), the leading e-commerce platform for buying and selling used cars, in a consensual liability management transaction secured by 47 mortgages in 22 states, totaling a valuation of approximately $1.55 billion. Through the contemplated transactions, including an exchange offer, extension of maturities, at-the-market equity raise, and equity investment from Carvana’s founders, Carvana expects to deleverage its balance sheet by $1.2 billion and reduce its interest expenses by $430 million a year for the next two years.
U.S. private equity firm in its $625 million refinancing transaction secured by 58 select service hotels.
Cerberus Capital Management, L.P., in its joint venture with affiliates of Highgate, a leading real estate investment and hospitality management company, on the acquisition of CorePoint Lodging Inc., a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, for approximately $1.5 billion, and related CMBS financing.
Global investment manager in its financing advice regarding to-be-acquired industrial assets.
$130 million joint venture with a leading investment management firm for the redevelopment of the Nassau Veterans Memorial Coliseum in New York.
U.S. private equity fund in connection with its $60 million sale of 18 hospitality properties located throughout the U.S.
U.S. private equity fund on its purchase of a portfolio of 62 multifamily apartment buildings.
Mergers & Acquisitions
Sentinel Capital Partners in its $1.425 billion acquisition of the Industrial Fire business, a provider of fire detection and suppression solutions, of Carrier (NYSE: CARR).
Huntsman Corporation (NYSE: HUN) in the $718 million sale of its Textile Effects division to Archroma.
Kinderhook Industries in its $323 million acquisition of Tank and Pump, a provider of logistics-based environmental solutions, from WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC).
Gryphon Investors-backed Heritage Distribution Holdings, a distribution company for Heating Ventilation Air Conditioning and Refrigeration (HVACR) equipment, parts and supplies in its $1.275 billion sale to Beijer Ref AB (STO: BEIJ B).
Kinderhook Industries in its recapitalization of Auto-Wares, a distributor of aftermarket automotive parts.
Bain Capital-backed American Trailer World Corp. in its sale of TexTrail, a distributor of trailer parts, to DexKo Global.
Brentwood Associates in its acquisition of Hissho Sushi, a franchisor of turnkey sushi solutions.
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Credentials
Admissions & Qualifications
2022New York
Education
The George Washington University Law SchoolJ.D.2021
International Law Review
Diversity Committee Member, International Law Review
Academic Chairman and Member, Black Law Student Association
Thurgood Marshall Scholar
Howrey and Simon Scholarship Award
University of MarylandB.S., Criminology and Criminal Justice; General Business Minor2018