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Articles in the Mergers and Acquisitions Category

Mergers and Acquisitions, Retail »

[9 Apr 2014 | No Comment | ]

Investment Corporation of Dubai (ICD) today announced that it has completed the purchase of a significant equity interest in the leading international developer and operator of destination resorts and luxury hotels, Kerzner International Holdings Limited (KIHL), from the Kerzner family and several other institutional investors, for an undisclosed sum.
Istithmar and certain affiliates of Goldman Sachs and Colony Capital will continue to have significant holdings in the Company.
KIHL operates globally under the One&Only and Atlantis brands, with international presence in Dubai, The Bahamas, Mauritius, The Maldives, Mexico, South Africa and soon, …

Mergers and Acquisitions »

[2 Apr 2014 | No Comment | ]

Didit, a digital advertising and marketing company based in Mineola, NY, has acquired LVM Group, a Manhattan-based public relations firm.
This acquisition enables Didit to expand its public relations presence to New York City and penetrate new industry sectors, and LVM Group to offer a much broader array of services.
“We are very excited to integrate the services of LVM Group into our Didit family of marketing services,” says Kevin Lee, chief executive officer of Didit. “Public relations people are the storytellers, and we can now support their efforts through various …

Green Building, Mergers and Acquisitions, Property Managers »

[17 Dec 2013 | No Comment | ]

Direct Energy has completed its acquisition of Hess Corporation’s Energy Marketing Business (HEM).
According to Hess, the total consideration was $1.2 billion. The company has now raised a total of $4.5 billion this year as it divests itself of non-core business to focus on funding drilling-and-exploration.
HEM supplies natural gas and electricity to 23,000 commercial, industrial, and small-business customers in the eastern half of the US.
The combination of HEM and Direct Energy Business creates an industry leading energy marketing organization serving commercial and industrial customers across, North America. The new Direct Energy …

Finance & Accounting, Mergers and Acquisitions »

[30 Jul 2013 | No Comment | ]

W. P. Carey Inc. has announced a $4billion merger with its non-traded REIT affiliate Corporate Property Associates 16 – Global Incorporated, know as CPA:16 – Global.
Following the merger, the combined company is expected to have an equity market capitalization of approximately $6.5 billion and a total enterprise value of approximately $10.1 billion.
The combined portfolio will consist of more than 700 properties with 86 million square feet of corporate real estate leased to 231 companies around the world. W. P. Carey president and CEO Trevor Bond said the deal …

Mergers and Acquisitions »

[19 Jun 2013 | No Comment | ]
EVO the new Winoker

The partnership of four New York real estate principals who acquired Winoker Realty in February has re-launched the brokerage as EVO Real Estate Group.
Dana Moskowitz, the newly-named president of EVO, made the announcement. Her partners in the acquisition are Ira Fishman, who serves as CEO, and Nathan Halegua and Josh Halegua, principals
Fishman will focus on client relations and developing new business; Halegua will be involved with acquisitions; Halegua will devote his attention to management; and Moskowitz will supervise day-to-day operations and oversight of the leasing division.

Mergers and Acquisitions »

[17 Apr 2013 | No Comment | ]
Brookfield spins off new property company

Brookfield Asset Management Inc. this week announced the completion of the spin-off of Brookfield Property Partners L.P., a newly-created company which owns substantially all of Brookfield’s commercial property assets.

The spinoff is the last of three main business units to be carved out by Toronto-based Brookfield Asset Management Inc, the others being Brookfield Renewable Energy Partners LP and Brookfield Infrastructure Partners LP.

Mergers and Acquisitions »

[10 Apr 2013 | One Comment | ]
ABS Partners announces merger with PBS Real Estate

John Brod and his team from PBS Real Estate has joined ABS Partners Real Estate, ABS announced.

The announcement comes just days after PBS co-founder Laura Pomerantz left to start her own firm.

Mergers and Acquisitions »

[10 Apr 2013 | No Comment | ]

Newmark Grubb Knight Frank (NGKF) announced that Utah’s leading commercial real estate services firm NAI West, a former affiliate of NAI Global, will do business as Newmark Grubb ACRES effective immediately.

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