CP/Newco

Case, Pomeroy is a diversified real estate investment firm with interests in rental apartment complexes, shopping centers, office buildings and condominiums located primarily in the southeastern United States.  In addition, the Company invests in public market equities and other alternative class investments.

CP Newco acquired all of the outstanding shares of Class A and Class B common stock of Case Pomeroy not already owned by CP Newco for $1,855 per share, representing an aggregate value for the Company of $280 million.

Cypress advised CP Newco, Inc. in connection with the merger with Case, Pomeroy & Company, representing shareholders of Case Pomeroy, who owned 71% of the Company.   Cypress also rendered a fairness opinion in connection with the transaction.