White & Case Advises Oaktree Capital Management on Sale of Groupe Kley to AXA IM – Real Assets

Global law firm White & Case LLP has advised funds managed by Oaktree Capital Management, L.P. on the sale of Groupe Kley to AXA IM – Real Assets.

Groupe Kley was created by alternative investment management fund Oaktree in 2014, and is one of the leading student housing operators in France. Kley's portfolio comprises around 2,500 beds across seven operational residences and a secured pipeline of 3,300 beds across 14 residences, many of which are currently under construction.

"White & Case has had a strong relationship with Oaktree for many years," said White & Case partner Saam Golshani, who led the Firm's deal team. "This transaction demonstrates our established strengths advising on both private equity and real estate deals."

Vincent Catherine, managing director at Oaktree, said: "Five years ago, we launched the Kley platform from scratch with our first site in Caen. Over time we have assembled a talented team led by Jean Baptiste Mortier, defined a differentiated product, and developed a tier-one portfolio of residences so that Kley has become a unique asset in the student housing market."

The White & Case team which advised on the transaction was led by partners Saam Golshani and Alexis Hojabr (both Paris), and included partners Brice Engel, Franck Peter, Alexandre Ippolito and Alexandre Jaurett (all Paris) with support from associates Will Summers (London), Margaux de Lembeye and Sarah Kouchad (both Paris).

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