Colliers - CEO, Jay Hennick.
CEO, Jay Hennick.
Source: Colliers.
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  • Colliers (CIGI) has made an investment in Rockwood Capital
  • Rockwood is a leading U.S. real estate investment management firm
  • Colliers will acquire a 65-per-cent stake in Rockwood, with the balance of the equity retained by Rockwood’s senior leadership team
  • Colliers is a diversified professional services and investment management company
  • Colliers International Group Inc. opened trading at $146.40 per share

Leading diversified professional services and investment management company, Colliers (CIGI) has announced an investment in Rockwood Capital LLC.

Rockwood is a leading U.S. real estate investment management firm with more than $12 billion of assets under management.

Colliers will acquire a 65-per-cent stake in Rockwood, with the balance of the equity retained by Rockwood’s senior leadership team who would continue to lead the business under the “perpetual partnership” model with Colliers, providing full alignment, long-term stability, and orderly succession over time.

The completion of the transaction would make Colliers’ annual run rate of management fee revenue to be between $70 and $75 million and operating results to be significantly accretive.

Colliers is a leading diversified professional services and investment management company with operations in 62 countries and annual revenues of $4.3 billion and $77 billion of assets.

Colliers International Group Inc. opened trading at $146.40 per share.

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