Colliers completes investment in leading alternative investment manager
On October 12, 2022, Colliers (NASDAQ and TSX: CIGI) completed its acquisition of a controlling interest in Versus Capital, a U.S. alternative real asset management firm managing over $6 billion in assets.
Sentiment and the balance of points
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Rhea-AI Summary
On October 12, 2022, Colliers (NASDAQ and TSX: CIGI) completed its acquisition of a controlling interest in Versus Capital, a U.S. alternative real asset management firm managing over $6 billion in assets. This strategic move strengthens Colliers’ global wealth distribution capabilities, increasing its total assets under management to $87 billion. Colliers operates in 63 countries and employs 17,000 professionals, achieving $4.5 billion in annual revenues and a notable 20% compound annual return for shareholders over 27 years.
Positive
- Acquisition of Versus Capital enhances global private wealth distribution capabilities.
- Total assets under management increased to $87 billion.
- Colliers has a strong track record with 20% compound annual returns for shareholders.
Negative
- None.
Details
News Market Reaction – CIGI
The recorded move for CIGI in the trading session of this news was +1.37%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO and DENVER, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) announced today the completion of its previously announced acquisition of a controlling interest in Versus Capital (“Versus”), a leading U.S. alternative real asset management firm with over
Colliers Contact
Christian Mayer
Chief Financial Officer | Global
(416) 960-9500
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 63 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of
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