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18 October 2017
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Aon inks agreement to acquire The Townsend Group

06 September 17 - RE+D Magazine
Aon inks agreement to acquire The Townsend Group

DEALS

DATE BUYER SELLER
17 October 17 Credit Suisse Asset Management Legal & General capital
30 August 17 GLP J-REIT Global Logicis Properties

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PEOPLE

Antulio Richetta

Director IBI Group
Aon, the leading global professional services firm announced it has entered into a definitive agreement to acquire The Townsend Group (Townsend), majority owned by Colony NorthStar, Inc., a leading global real estate and investment management firm.

 

Townsend is a leading provider of global investment management and advisory services primarily focused on real estate.

Aon has agreed to acquire Townsend for $475 million subject to certain purchase price adjustments. According to Aon’s official press release, the transaction is expected to close over the next six months, subject to customary closing and negotiated conditions.

No other financial terms were disclosed by Aon. The acquisition of Townsend is expected to bring greater depth of expertise in real estate and real assets to Aon's distribution scale and further Aon's ability to provide more attractive investment opportunities for clients.

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