Menu Press Release November 18, 2021 Journey Medical Closes $35.2 Million IPO of Common Stock Alston & Bird client Journey Medical Corp., a pharmaceutical company based in Scottsdale, AZ, completed its initial public offering (IPO) of 3,520,000 shares of common stock at a price to the public of $10 per share for gross proceeds of $35.2 million, before deducting underwriting discounts and offering expenses. All the shares of common stock were offered by Journey Medical. The company expects to use the net proceeds from the IPO, which closed November 16, for general corporate purposes and to acquire or invest in businesses, products, services, or technologies. A subsidiary of New York–based Fortress Biotech, Journey Medical is a commercial-stage pharmaceutical company that focuses on the development and commercialization of pharmaceutical products for the treatment of dermatological conditions. Advising Journey Medical in its IPO is an Alston & Bird team led by partner Mark McElreath and associates Robyn Downing, Laura Giambalvo, and Misbah Mohiuddin (Corporate & Business Transactions); partner Natalie Clayton and associate Ravi Shah (Intellectual Property); and partner Brendan Carroll (Health Care). Related News & Insights All News Publications Events Blogs Videos Press Release November 19, 2021 Brookfield Completes Transition of Public, Non-listed REIT from Oaktree Alston & Bird client Brookfield Asset Management Inc. has completed the transition to advising Brookfield Real Estate Income Trust Inc. (formerly Oaktree Real Estate Income Trust Inc.), a public, non-listed real estate investment trust (REIT) formerly overseen by subsidiary Oaktree Capital Management. The total asset value of the REIT is approximately $1 billion. Seminar November 18, 2021 2022 Proxy Season Outlook Seminar Alston & Bird will host this live seminar from our Atlanta office in addition to a live webcast. Learn about key developments and issues facing companies and investors and what you need to do to prepare for the 2022 proxy season. Press Release November 17, 2021 Beacon Pointe Receives KKR Investment Alston & Bird client Beacon Pointe LLC, parent company of Beacon Pointe Advisors LLC, has entered into a definitive agreement with global investment firm KKR under which it will receive an investment to help continue the company’s national expansion through new office openings and acquisitions. Webinar November 16, 2021 Understanding and Deploying Tax Insurance: Strategic Uses and Strategies Scott Harty will serve as a panelist on this program presented by Practising Law Institute (PLI). Press Release November 10, 2021 David Wender Elected Fellow of the American College of Bankruptcy David Wender, a partner in Alston & Bird’s Financial Restructuring & Reorganization Group, has been elected a Fellow of the American College of Bankruptcy (ACB), a U.S. honorary public service association that recognizes bankruptcy professionals for their excellence and contributions to the fields of bankruptcy and insolvency. Press Release November 10, 2021 WestEnd Advisors to Be Acquired by Victory Capital for $480 Million Alston & Bird client WestEnd Advisors LLC, an independent institutional asset management firm, has entered into a definitive agreement to be acquired 100% by global asset management company Victory Capital Holdings Inc. Press Release November 9, 2021 Alston & Bird Advises Platinum Equity on Acquisition of Cosmic Pet Alston & Bird has advised Platinum Equity in the financing of its acquisition of Cosmic Pet, an industry leader in innovative pet toys and accessories, from investment firm Guardian Capital Partners. Press Release November 8, 2021 Ready Capital to Acquire Credit Funds from MREC Management for $550 Million Alston & Bird acted as legal advisor to real estate finance company Ready Capital Corporation in its announced $550 million acquisition of a series of privately held, real estate structured finance funds, with a focus on construction lending and workforce housing, managed by MREC Management LLC. In the News November 5, 2021 SNL Financial Services Daily | Ready Capital to Acquire Real Estate Structured Finance Opportunities Funds Alston & Bird is highlighted for advising Ready Capital Corporation in its announced $550 million acquisition of a series of privately held, real estate structured finance funds managed by MREC Management LLC. In the News November 5, 2021 Private Equity Wire | Victory Capital to Acquire WestEnd Advisors Alston & Bird is noted for representing WestEnd Advisors LLC in its acquisition by Victory Capital for $480 million. 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