Why Did CBRE Buy Caledon Capital?
As the institutional investment business takes a pivot toward Western infrastructure, real estate managers are taking notice, some are actively looking to buy emerging managers. CBRE Group, Inc. had signed a definitive agreement to acquire a majority ownership stake in Toronto-based Caledon Capital Management. Operationally, Caledon Capital will remain independent and current management plans to remain with the business. In addition, as part of the deal, Caledon management will be still own portion of the business to align interests. Per deal terms, Caledon Capital will be renamed to Caledon Capital Management Inc.
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