Mitsui Forms Strategic Partnership with CIM Group

March 2, 2017

On February 20, 2017, Mitsui & Co., Ltd. announced that it had agreed to enter a strategic partnership with CIM Group, LLC.

Under the terms of the transaction, Mitsui & Co., Ltd. (“Mitsui”) will acquire a 20% interest in CIM Group, LLC (“CIM”) and invest in funds managed by CIM, equaling a total investment of ¥52-63 billion, or $450-550 million. Berkshire Hathaway served as advisor to CIM.

CIM is a full-service U.S. urban real estate and infrastructure fund manager, managing both private funds and public REITs that target urban real estate assets across North America. CIM has assets under management of over ¥2 trillion.

Mitsui is a Tokyo-based, worldwide manager of private funds as well as a public logistics REIT. As of March 31, 2016, Mitsui had $96.6 billion in assets under management, and as of February 1, 2017, over 130 offices in 65 countries.

To read the press release: please click here.


Categories

Investment Manager Strategic Investments, Seed Deals, Transactions