Baker McKenzie is advising Brookfield Business Partners L.P., the private equity arm of Brookfield Asset Management Inc., in connection with the sale of its 100 percent interest in BGRS to Relo Group. BGRS is one of the largest global providers of executive relocation services.
Brookfield Business Partners expects to generate net proceeds of approximately $230 million from the sale.
The Baker McKenzie team advising Brookfield Business Partners includes Nancy Hamzo, Alex Roberts, Greg McNab, Peter Clark, Cathy Qi, Taleen Balian, along with Elizabeth Ebersole, Jeremy Hann, Christopher Guldberg and Creighton Macy.
As the world's largest M&A practice, Baker McKenzie's 2,500 lawyers execute more cross-border transactions than any other law firm in industries including healthcare, retail, industrials, insurance, food and beverage and technology. The Firm assists clients through all stages of a transaction, from preparing the business for sale or performing due diligence, to negotiating the purchase agreement, coordinating the closing across multiple jurisdictions, and integrating the operations of the resulting business.
BGRS provides talent mobility solutions, managing over 60,000 corporate and government client relocations annually in more than 140 countries from its 14 global offices.
About Brookfield Business Partners
Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. It is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (NYSE: BAM)(TSX: BAM.A)(EURONEXT: BAMA), a leading global alternative asset manager with more than $350 billion of assets under management.
About Baker McKenzie
Baker McKenzie is one of the leading firms for cross-border transactions, providing strategic advice on deals involving the world’s leading financial institutions and multinational companies. From deal inception to business integration, we help clients bridge the gap between aspiration and achievement. The Firm leads and closes three deals a day with expertise spanning banking and finance, capital markets, corporate finance, funds, M&A, private equity, and projects. The combination of deep sector expertise, and our ability to work seamlessly across each of the countries where we operate, means we add unique value in shaping, negotiating, and closing a deal.