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Kramer Levin Advises Ten-X in Majority Recapitalization by Thomas H. Lee Partners

August 3, 2017

Kramer Levin advised Ten-X, a leading online real estate marketplace, in a recapitalization transaction with private equity firm Thomas H. Lee Partners (THL). As part of the deal, affiliates of THL will acquire a controlling stake of Ten-X, with members of Ten-X’s senior management team and other existing investors, including Stone Point Capital and CapitalG (formerly Google Capital), continuing to hold minority stakes. The deal is expected to close in the third quarter of 2017.

The Kramer Levin team advising Ten-X was led by Corporate partner Howard T. Spilko and included associates Scott A. Abramowitz, Jonathan J. Goodman, Jason P. Norinsky and Matthew Hacker; Tax partner Barry Herzog and special counsel Niya Tang; Intellectual Property counsel Kevin M. Moss; Employee Benefits special counsel Avram J. Cahn; Leveraged Finance partner Richard E. Farley; and Banking and Finance partners Kenneth Chin and Sanjay Thapar.

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