Schulte represented Blackwells Capital in its cooperation agreement with Colony Capital Inc. Under the agreement, two new independent directors were appointed to the Colony board of directors. A third director, suggested by Blackwells and acceptable to Colony, will also be appointed. Colony is a Los Angeles-headquartered leading global investment management firm with $44 billion in assets under management.
The Schulte team advising Blackwells is led by Ele Klein, partner and co-chair of the global Shareholder Activism Group, associates Brandon Gold and Daniel Goldstein and former Schulte lawyer William Tevlin.