Colliers completes investment in leading infrastructure investment firm
Colliers (CIGI) has successfully completed its strategic investment in Basalt Infrastructure Partners LLP, enhancing its position in the infrastructure investment sector.
Sentiment and the balance of points
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Rhea-AI Summary
Colliers (CIGI) has successfully completed its strategic investment in Basalt Infrastructure Partners LLP, enhancing its position in the infrastructure investment sector. This investment management firm oversees over $8.5 billion in assets across essential utilities, power, transport, and communication infrastructures in North America and Europe. With $65 billion in assets and $4.3 billion in annual revenue, Colliers aims to leverage this acquisition to provide superior real estate and investment advice, pursuing long-term growth and shareholder value.
Positive
- Strategic investment in Basalt enhances infrastructure investment capabilities.
- Basalt manages over $8.5 billion in assets, indicating strong market positioning.
- Colliers' annual revenue stands at $4.3 billion, showcasing financial health.
- Company has $65 billion in assets under management, strengthening investment portfolio.
Negative
- None.
Details
News Market Reaction – CIGI
The recorded move for CIGI in the trading session of this news was +2.28%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, LONDON, and NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today the completion of its strategic investment in Basalt Infrastructure Partners LLP (“Basalt”), a leading transatlantic infrastructure investment management firm with more than
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of
About Basalt
Basalt is the exclusive investment advisor to the Basalt funds, comprising Basalt I, Basalt II, and Basalt III. The Basalt funds are infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and communications infrastructure in North America and Europe.
For more information, please visit www.basaltinfra.com.
Non-GAAP Measures
We use the term assets under management (“AUM”) as a measure of the scale of our Investment Management operations. AUM is defined as the gross market value of operating assets and the projected gross cost of development properties of the funds, partnerships and accounts to which we provide management and advisory services, including capital that such funds, partnerships and accounts have the right to call from investors pursuant to capital commitments. Our definition of AUM may differ from those used by other issuers and as such may not be directly comparable to similar measures used by other issuers.
COMPANY CONTACTS:
Christian Mayer
Chief Financial Officer
(416) 960-9500
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