Colliers completes investment in leading infrastructure investment firm
June 02 2022 - 7:00AM
Leading diversified professional services and investment management
company, Colliers (NASDAQ and TSX: CIGI), announced today the
completion of its strategic investment in Basalt Infrastructure
Partners LLP (“Basalt”), a leading transatlantic infrastructure
investment management firm with more than $8.5 billion of assets
under management.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading
diversified professional services and investment management
company. With operations in 62 countries, our 17,000 enterprising
professionals work collaboratively to provide expert real estate
and investment advice to clients. For more than 27 years, our
experienced leadership with significant inside ownership has
delivered compound annual investment returns of 20% for
shareholders. With annual revenues of $4.3 billion and $65 billion
of assets under management, Colliers maximizes the potential of
property and real assets to accelerate the success of our clients,
our investors, and our people. Learn more at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
About Basalt
Basalt is the exclusive investment advisor to
the Basalt funds, comprising Basalt I, Basalt II, and Basalt III.
The Basalt funds are infrastructure equity investment funds
focusing on mid-market investments in utilities, power, transport,
and communications infrastructure in North America and Europe.
For more information, please visit
www.basaltinfra.com.
Non-GAAP Measures
We use the term assets under management (“AUM”)
as a measure of the scale of our Investment Management operations.
AUM is defined as the gross market value of operating assets and
the projected gross cost of development properties of the funds,
partnerships and accounts to which we provide management and
advisory services, including capital that such funds, partnerships
and accounts have the right to call from investors pursuant to
capital commitments. Our definition of AUM may differ from those
used by other issuers and as such may not be directly comparable to
similar measures used by other issuers.
COMPANY CONTACTS:
Christian MayerChief Financial
Officer(416) 960-9500
Colliers (NASDAQ:CIGI)
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