On June 9, 2017, CBRE Group, Inc. announced it will acquire a majority stake in Caledon Capital Management Inc., a Toronto, Canada-based investment manager.
Under the terms of the agreement, Caledon Capital Management Inc. (“Caledon”) will be rebranded CBRE Caledon Capital Management Inc. and operate as a separate business under CBRE Global Investors, which is a an investment-management subsidiary of CBRE Group, Inc. (“CBRE”). The closing is expected later this year, subject to regulatory approvals and other customary closing conditions.
Caledon is an investment management firm that focuses on infrastructure and private-equity products. It has more than 30 employees and manages approximately $7 billion in assets for institutional clients.
CBRE is a Fortune 500 and S&P 500 company, based in Los Angeles, California. It has more than 75,000 employees and approximately 450 offices worldwide.
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