Debevoise & Plimpton LLP is advising Deutsche Bank Securities Inc. as financial advisor to Invitation Homes in its merger with Starwood Waypoint Homes. The 100 percent stock-for-stock merger-of-equals transaction will create the premier single-family rental company in the United States.
Based on the closing prices of Starwood Waypoint Homes common shares and Invitation Homes common stock on August 9, 2017, the equity market capitalization of the combined company would be approximately $11 billion and the total enterprise value including debt would be approximately $20 billion. The transaction is expected to close by year-end.
The Debevoise team is led by partner Andrew L. Bab and includes associates Usman Arain and Ashwin D. Phadnis.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.