Announced
Completed
Financials
Tags
Acquisition
Asset Managers and Custodians
Private
Minority
Single Bidder
Cross Border
United Kingdom
investment management
Friendly
Completed
Synopsis
Samsung Life, a South Korean multinational insurance company, completed the acquisition of a 25% stake in Savills IM, the investment management business of Savills, a global real estate services provider, for £64m ($90m). "Samsung Life is excited to invest in Savills IM, one of Europe's leading real estate asset management platforms. We are confident that Savills IM is well positioned to help us expand our real estate investment network globally and that this strategic alliance, underpinned by our capital provision, will support and accelerate Savills IM's growth over the long term," Youngmuk Jeon, Samsung Life CEO.
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