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Michael Van Konynenburg, Eastdil Secured president/ Photo courtesy of Eastdil Michael Van Konynenburg, Eastdil Secured president/ Photo courtesy of Eastdil

NEW YORK CITY—Eastdil Secured’s management buyout from Wells Fargo & Co. was a deal valuing the firm at more than $400 million in which employees will be able to eventually own more than 40% of the equity, as reported in the Wall Street Journal. Guggenheim Investments’ clients and Temasek Holdings, a Singaporean investment firm also took stakes in the company, with Wells Fargo still retaining a small interest. The transaction is expected to close in the fourth quarter.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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