Jun
12
CBRE to Buy Majority Stake in Caledon
ByCaledon manages about $7 billion of assets for institutional investors through a combination of direct investments and primary funds. Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions.
CBRE Group Inc. has entered into an agreement to acquire a majority interest in Caledon Capital Management Inc., of Toronto, an investment manager specializing in private infrastructure and private equity investments.
Once the transaction is closed, Caledon will be renamed CBRE Caledon Capital Management Inc. and operate as a separate business unit under CBRE’s independently operated investment management subsidiary, CBRE Global Investors…
