Ackman Ziff and Mellum Capital form global partnership
The Ackman-Ziff Real Estate Group (Ackman-Ziff) and Mellum Capital have signed an exclusive global partnership to expand their debt and JV equity capital markets advisory services internationally.
This new co-operation framework will cover cross-Atlantic capital flows and transatlantic new business origination. Transactions involving US assets will be executed by Ackman-Ziff, and transactions involving European assets will be executed by Mellum Capital. This will allow best “on the ground” transaction execution while facilitating superior client service and comprehensive international investor access. The two firms will continue to run the majority of their respective national mandates independently. The catalyst for the partnership was the formation of Mellum Capital following the MBO of BFIN/Brookfield Financial in Europe.
Exceptional levels of client service, high ethical standards, and a track record of delivering success against complexity and uncertainty are key priorities for both firms. The partners’ product offering across the capital structure is very similar, and a clear execution process is the main pillar of the agreement. Both firms are privately-owned and operate without any conflict or bias. Collectively the team has closed over USD200 billion based on over 250 years’ experience. This partnership allows for expanded global coverage/connectivity with our clients.
“One of our major priorities this year is to continue targeted growth, and we are very excited to announce this partnership with our friends and peers across the Atlantic. Operationally, Ackman-Ziff will continue to execute all US-based business and Mellum Capital will continue to execute all business located in Europe. This partnership provides clients with expanded local markets expertise, coupled with global execution excellence. Ultimately, this partnership provides our clients with streamlined access to global capital,” Simon Ziff says.
Heinrich Hauss adds: “We have been friends with the Ackman-Ziff team for decades and we seized the opportunity to create this partnership during an inflection point in the industry and the capital markets. We have built our business to intermediate between global capital sources and Ackman-Ziff is the perfect US partner for us, having a nearly 100-year history of successful transaction execution in the United States.”
Markus Reule comments: “Culturally, our firms share similar values of ethics and integrity, and through this partnership, we are delighted to cross the Atlantic and broaden our client offering substantially through our global co-operation.”