Industry: Real estate not elsewhere classified
On Nov. 12, 2021, TPG Real Estate Partners (TREP), the dedicated real estate equity investment platform of alternative asset firm TPG, acquired Cinespace Film Studios in Toronto (“Cinespace Toronto”) and Cinespace Film Studios in Chicago (“Cinespace Chicago” and together with Cinespace Toronto, “Cinespace”).
Cinespace focuses on the development, management and operation of studio space and support facilities for film, television and digital media productions in Chicago and Toronto. It is the second largest independent sound stage platform in North America and provides studio campuses.
Cinespace Toronto was founded by the Mirkopoulos family in Toronto in 1988 and currently operates 23 production stages across the city, with 12 stages planned for development. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development.
Cassels Brock & Blackwell LLP acted for Cinespace Toronto with a deal team led by
and which included
Tiffany Chiu (private equity, M&A and entertainment and sports),
Nathan Pelech (real estate and development),
Tera Li Parizeau,
Corinne Grigoriu (tax),
Carla Potter (banking and specialty finance),
Maria Constantine (employment and labour),
Raivo Uukkivi (municipal, planning and environmental),
Alison Hayman (intellectual property),
Bernice Karn (information technology and data privacy),
Brenda C. Swick (international trade),
Colleen Rusnov (law clerks and paralegals),
Melissa Montana (articling students).
Much Shelist, P.C. acted for Cinespace Chicago with a deal team led by
Steven L. DeGraff,
Courtney E. Mayster,
Davies Ward Phillips & Vineberg LLP acted as Canadian counsel for TPG with a deal team that included
David G. Reiner,
Stefanie Milner (real estate),
Shimon Sherrington (corporate/M&A),
John M. Ulmer,
Sabina Han (tax),
Derek R.G. Vesey,
Devon W. Comstock (finance),
Sara V. Powell,
Zachary Silver (environmental),
Seann D. McAleese (employment),
Laila Paszti (technology),
Benoit Archambault (intellectual property),
Anita Banicevic (competition).
Kirkland & Ellis LLP acted as U.S. counsel for TPG with a deal team that included
Austin Brown (real estate),
Alex Blaznik (corporate),
Karsten Busby (executive compensation),
Ashley Flor (tax),
Nick Niles (government, regulatory and internal investigations),\
Joshua Morgan (investment funds),
Chris Chase (employee benefits),
Matt Darch (technology and intellectual property),
Anna Geml (transactional liability insurance),
Chris Semonsen (environmental),
Alexander Flynn-Tabloff (employment and labour).