Weil is advising the Board of Directors of American Realty Capital Properties, Inc. (ARCP) in its sale of Cole Capital, ARCP’s private capital management business, to RCS Capital Corp. The total value of this transaction is expected to be at least $700 million. As part of the transaction, ARCP will be entitled to receive an additional  earn-out of up to $130 million.

Weil previously advised ARCP on its approximately $9.7 billion offer to acquire Cole Credit Property Trust III, Inc., American Realty Capital Trust IV on its $3.1 billion sale to ARCP, and American Realty Capital Trust III on its $2.2 billion sale to ARCP.

The Weil team advising ARCP is led by Corporate Chairman Michael Aiello and M&A partner Matthew Gilroy. In addition, the team included Banking & Finance partner Damian Ridealgh; Technology & IP Transactions partner Michael Epstein; Tax partner Chayim Neubort; Executive Compensation & Employee Benefits partner Paul Wessel; Antitrust counsel John Sipple; Executive Compensation & Employee Benefits counsel Jeffrey Lieberman; Corporate associates Renee Pristas, Owen Denby and Dening Kong; Banking & Finance associate Sasha Shulzhenko; Capital Markets associate Barbra Broudy; and Technology & IP Transactions associate Rachel Vigneaux.