CBRE to acquire majority interest in Caledon Capital Management
CBRE Group Inc (NYSE: CBG) has agreed to acquire a majority stake in Caledon Capital Management, a Toronto-based portfolio management and advisory firm specializing in infrastructure and private equity investments. Terms weren't disclosed for the deal, which will see Caledon renamed CBRE Caledon Capital Management and operating as a separate entity under CBRE’s investment management unit. The closing is expected to occur later this year. Caledon, which has $9 billion in assets under management, was founded in 2007 by David Rogers, who formerly led the private equity group at Ontario Municipal Employees Retirement System (OMERS).
9 June 2017•4 mins read
