CIGI - Colliers invests in Rockwood Capital

Colliers (NASDAQ:CIGI) has entered into a definitive agreement to invest in Rockwood Capital, a leading US real estate investment management firm with more than $12B of AUM. Colliers will acquire a 65% stake in Rockwood, with the balance of the equity retained by Rockwood’s senior leadership team who will continue to lead the business under the “perpetual partnership” model with Colliers. Upon completion, Colliers expects the annual run rate of management fee revenue to be between $70-$75M and operating results to be significantly accretive. The transaction is expected to close in the third quarter of 2022. Financial terms of the transaction were not disclosed.

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Colliers invests in Rockwood Capital