Rose Hills Memorial Park and related assets have been acquired by a partnership created by The Blackstone Group and The Loewen Group

« Back | Next »

Transactions

Rose Hills Memorial Park and related assets have been acquired by a partnership created by The Blackstone Group and The Loewen Group

Kerlin assisted the Company’s trustees in responding to an initial proposal to purchase Rose Hills, coordinated all activities and developed a negotiated transaction within a competitive environment. The resulting structured transaction was the result of nine months of analysis, planning and negotiation involving complex legal, accounting, regulatory and fiduciary issues. Kerlin provided fairness opinions from a financial point of view in connection with the overall transaction and with respect to the division of proceeds between entities. Post-closing, Kerlin assisted the Rose Hills Foundation, which received the funds from the transaction, to develop its first mission statement.