CBRE Buying Majority Stake in Caledon Capital to Expand Infrastructure Business

CBRE Group, Inc. has entered into a definitive agreement to purchase a majority interest in Toronto-based Caledon Capital Management Inc., an investment management business specializing in private infrastructure and private equity investments. Caledon and its team of 30 people will be renamed CBRE Caledon Capital Management Inc. when the transaction closes later this year subject to regulatory approval and other closing conditions and will operate...