CBRE Group, Inc. Completes Acquisition of Majority Stake in Caledon Capital Management
August 09 2017 - 8:00AM
Business Wire
Acquisition Expands Suite of Infrastructure
Investment Programs
CBRE Group, Inc. (NYSE:CBG) today announced that it has
completed the acquisition of a majority interest in Caledon Capital
Management Inc. (Caledon), a Toronto-based investment management
business specializing in private infrastructure and private equity
investments.
Caledon will now operate as CBRE Caledon Capital Management Inc.
(CBRE Caledon), a separate business unit within CBRE’s
independently operated investment management subsidiary, CBRE
Global Investors. The Caledon management team will continue to
manage the business and will maintain significant long-term
ownership.
CBRE Caledon manages approximately US$7 billion (over CA$9
billion) of assets for institutional investors through a
combination of direct investments, consulting assignments,
co-investments, secondary investments and primary fund investments.
CBRE Caledon’s private infrastructure and private equity
investments complement the suite of investment solutions offered by
CBRE Global Investors and its listed equity arm, CBRE Clarion
Securities.
“Infrastructure is a strategic component of an allocation to
real assets, and we expect client demand for it will continue to
increase,” said Ritson Ferguson, CEO of CBRE Global Investors. “The
CBRE Caledon team has deep experience and a strong track record
investing around the globe, so this acquisition is important in
helping us meet our clients’ needs.”
“The powerful CBRE platform will enable us to expand the range
of investment solutions we can deliver to investors as we work to
continue achieving outstanding performance for clients,” said David
Rogers, Founding Partner of CBRE Caledon.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (based on 2016
revenue). The company has more than 75,000 employees (excluding
affiliates), and serves real estate investors and occupiers through
approximately 450 offices (excluding affiliates) worldwide. CBRE
offers a broad range of integrated services, including facilities,
transaction and project management; property management; investment
management; appraisal and valuation; property leasing; strategic
consulting; property sales; mortgage services and development
services. Please visit our website at www.cbre.com.
About CBRE Global Investors
CBRE Global Investors, an independently operated affiliate of
CBRE Group, Inc., is one of the world’s largest global real asset
investment management firms with $98.9 billion in assets under
management* on a combined pro forma basis, as of June 30, 2017, to
reflect the completion of the acquisition of a majority stake in
Caledon Capital Management Inc. For more information about CBRE
Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value
of real asset-related investments with respect to which CBRE Global
Investors provides, on a global basis, oversight, investment
management services and other advice, and which generally consist
of investments in real assets; equity in funds and joint ventures;
securities portfolios; operating companies and real asset-related
loans. This AUM is intended principally to reflect the extent of
CBRE Global Investors' presence in the global real asset market,
and its calculation of AUM may differ from the calculations of
other asset managers.
About CBRE Caledon Capital Management
Inc.
CBRE Caledon is a leading infrastructure and private equity
solutions provider. The firm seeks to create long-term value for
its clients by accessing and managing high-quality investment
opportunities and building comprehensive and customized
infrastructure and private equity portfolios. CBRE Caledon’s
business model is to combine direct investments, co-investments,
secondary investments, and primary fund investments in a manner to
suit each client’s unique investment objectives. The firm currently
provides its services through customized separately managed
accounts, portfolio management advisory solutions and pooled funds.
Since its inception in 2006, the CBRE Caledon team has grown to
over 30 people and manages over CA$9 billion of assets on behalf of
15 clients across North America.
Forward-Looking Statements
Certain of the statements in this release regarding the
acquisition of the investment management assets and operations of
Caledon Capital Management Inc. (Caledon) that do not concern
purely historical data are forward-looking statements within the
meaning of the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are made based on our management’s expectations and
beliefs concerning future events affecting us and are subject to
uncertainties and factors relating to our operations and business
environment, all of which are difficult to predict and many of
which are beyond our control. Accordingly, actual performance,
results and events may vary materially from those indicated in
forward-looking statements, and you should not rely on
forward-looking statements as predictions of future performance,
results or events. Numerous factors could cause actual future
performance, results and events to differ materially from those
indicated in forward-looking statements, including, but not limited
to, our ability to successfully integrate Caledon with the existing
operations of CBRE Global Investors as well as other risks and
uncertainties discussed in our filings with the U.S. Securities and
Exchange Commission (SEC). Any forward-looking statements speak
only as of the date of this release. We assume no obligation to
update forward-looking statements to reflect actual results,
changes in assumptions or changes in other factors affecting
forward-looking information, except to the extent required by
applicable securities laws. If we do update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements. For additional information concerning
factors that may cause actual results to differ from those
anticipated in the forward-looking statements and other risks and
uncertainties to our business in general, please refer to our SEC
filings, including our Form 10-K for the fiscal year ended December
31, 2016, and our Form 10-Q for the quarter ended June 30, 2017.
Such filings are available publicly and may be obtained from our
website at www.cbre.com or upon request from the CBRE Investor
Relations Department at investorrelations@cbre.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170809005166/en/
CBRE Group, Inc.Brad BurkeInvestor Relations215.921.7436orRobert
McGrathMedia Relations212.984.8267orCBRE Global InvestorsPam
BarnettCorporate Communications213.683.4368
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