Hunton Andrews Kurth LLP is representing Chimera Investment Corporation in connection with its acquisition of Palisades Group, a US-based alternative asset manager. Chimera will acquire Palisades for cash consideration of $30 million, plus an additional potential earnout of up to $20 million over five years. The acquisition is expected to close during the fourth quarter of 2024.
The firm is representing Chimera in its acquisition of Palisades for cash consideration of $30 million at closing, plus a potential earnout of up to $20 million more over five years contingent on achieving financial targets.
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