International private equity firm Berkeley Assets has signed an agreement with DLA Piper which places the worldwide business law firm in charge of the company’s legal matters as it bolster into new markets.
The new agreement expands on an effective solid working relationship between Berkeley and DLA Piper which has workplaces in all jurisdictions where the company currently operates.
Remarking on the new agreement, Omar Jackson, Partner at Berkeley Assets stated: “Working with a law firm which knows our business completely and sees how to help our aggressive development plans throughout the world has been imperatively significant. Our relationship with DLA Piper continues to g keeps on going from solidarity to quality.”
Berkeley Assets recently declared its global expansion plans, adding a scope of new workplaces to the existing locations in London and Dubai. Offices in Marbella and Mexico City opened in Q2 while outposts in Africa and the Far East are set to follow throughout 2019 and 2020.
Sam Millar, Partner at DLA Piper, said: "We are charmed to have gone into another concurrence with Berkeley Assets as the company’s legal services provider. We are well placed to provide legal support to Berkeley Assets in all of the jurisdictions in which it operates and look forward to working ever closer with the team to assist in driving their global business strategy."
Berkeley Assets raised US$112.8 million in total in 2018, with US$16.2 million generated from the retail market and the remainder from institutional investors, far exceeding its capital raising targets.
The company’s portfolio of properties spans multiple sectors and includes existing and new to market assets in some of the world’s most sought after locations, including London, New York, and Miami.
The private equity firm operates excess around 150 businesses, helping property advancements, hospitality concepts and emerging businesses flourish. All underlying assets of the business are located in the UK and USA. The company’s portfolio of properties spans multiple sectors and includes existing and new to market assets in some of the world’s most sought after locations in the UK and USA.