Latest news with #OneIM
Yahoo
22-07-2025
- Business
- Yahoo
Insignia accepts buyout offer from US investors
Insignia Financial, one of Australia's wealth management firms, is about to undergo a significant change in ownership following a planned takeover by US-based CC Capital and One Investment Management (OneIM). Under the provisions of a freshly signed Scheme Implementation Deed (SID), the two private investment groups would buy 100% of Insignia for A$4.80 per share in cash, valuing the company at around A$3.9bn (US$2.5bn). The offer provides a strong 56.9% premium over Insignia's final undisturbed share price of A$3.06 on December 11, 2024. Subject to judicial and regulatory approvals, the deal will be carried out through a scheme of arrangement and is anticipated to be put to a vote by shareholders in the first half of 2026. These consist of approvals from Insignia shareholders, the Australian Prudential Regulation Authority (APRA), and the Foreign Investment Review Board (FIRB). Insignia, which manages and advises on over A$330bn in assets, is regarded as a prime target for growth-oriented investors aiming to tap into Australia's A$4.1tn superannuation system. Chinh Chu, Senior Managing Director of CC Capital stated: "We believe that Australia's superannuation system is world-class in addressing the structural challenge of aging populations saving for retirement. Insignia's scale, trusted brands, and deep relationships across the A$4.1tn (US$2.7tn) superannuation market1 make it a compelling long-term platform for growth. We recognise the high duty of care required to steward a business with Insignia's rich heritage and connection to the retirement and superannuation system, and we are confident that our investment acumen and long-term approach will position us to improve member outcomes and further enhance the operational trajectory of the business." OneIM's CEO and co-founder Rajeev Misra added: "We are excited to partner with Insignia's management team to help craft the company's next chapter of continued growth and unmatched member service. We believe Insignia will benefit from OneIM's approach to creating long-term value for all stakeholders as we help combine Insignia's history of excellence with technological and investing expertise." Scott Hartley, CEO of Insignia Financial, shared: "Subject to shareholder and regulatory approvals, the CC Capital and OneIM offer would deliver attractive value to our shareholders, while providing the resources and global perspective needed to accelerate our strategic agenda for members, customers and advisers. I look forward to working with the CC Capital and OneIM teams to continue our focus on creating best-in-class service and outcomes for our members."
Yahoo
22-07-2025
- Business
- Yahoo
CC Capital and OneIM Enter Scheme Implementation Deed with Insignia Financial Limited, Australia's Leading Diversified Wealth Management Group
CC Capital and OneIM to acquire Insignia Financial Limited for A$4.80 per share via a scheme of arrangement, a 56.9% premium to Insignia's last undisturbed close Transaction represents implied enterprise value of A$3.9 billion (US$2.5bn) Insignia's Board unanimously recommends the proposed transaction, subject to no superior proposal and an independent expert concluding the transaction is in the best interests of shareholders NEW YORK, July 21, 2025 /PRNewswire/ -- CC Capital, a private investment firm focused on investing in and operating high-quality businesses for the long term, and One Investment Management ("OneIM"), a global alternative investment manager, today announced they have entered into a Scheme Implementation Deed ("SID") with Insignia Financial Ltd ("Insignia") (ASX: IFL), Australia's leading diversified wealth management group with over A$330 billion in funds under management and advice. Under the SID, CC Capital and OneIM will acquire 100 percent of Insignia for A$4.80 in cash per share via a scheme of arrangement, representing an enterprise value of approximately A$3.9 bn (US$2.5bn) and a 56.9% premium to Insignia's undisturbed share price of A$3.06 per share on 11 December 2024. "We believe that Australia's superannuation system is world-class in addressing the structural challenge of aging populations saving for retirement," said Chinh Chu, Senior Managing Director of CC Capital. "Insignia's scale, trusted brands, and deep relationships across the A$4.1 trillion (US$2.7 trillion) superannuation market1 make it a compelling long-term platform for growth. We recognize the high duty of care required to steward a business with Insignia's rich heritage and connection to the retirement and superannuation system, and we are confident that our investment acumen and long-term approach will position us to improve member outcomes and further enhance the operational trajectory of the business." OneIM's CEO and co-founder Rajeev Misra said: "We are excited to partner with Insignia's management team to help craft the company's next chapter of continued growth and unmatched member service. We believe Insignia will benefit from OneIM's approach to creating long-term value for all stakeholders as we help combine Insignia's history of excellence with technological and investing expertise." Scott Hartley, CEO of Insignia Financial, added: "Subject to shareholder and regulatory approvals, the CC Capital and OneIM offer would deliver attractive value to our shareholders, while providing the resources and global perspective needed to accelerate our strategic agenda for members, customers and advisers. I look forward to working with the CC Capital and OneIM teams to continue our focus on creating best-in-class service and outcomes for our members." The Insignia Board unanimously recommends that shareholders vote in favor of the scheme, subject to no superior proposal, and subject to an independent expert concluding that the transaction is in the best interests of shareholders. The transaction is subject to customary regulatory and closing conditions, including approvals from the Foreign Investment Review Board ("FIRB"), the Australian Prudential Regulation Authority ("APRA"), Court and Insignia shareholders. Insignia shareholders are expected to vote on the scheme of arrangement in the first half of 2026 with the transaction to be completed shortly thereafter. Additional information The full SID has been filed with the ASX by Insignia. Further information regarding the transaction will be included in the Scheme Booklet expected to be mailed to shareholders in early 2026, as well as in subsequent ASX announcements made by Insignia. Advisors Deutsche Bank Australia and Macquarie Capital (Australia) Limited are serving as lead financial advisors to CC Capital. Santander, Rothschild & Co and Houlihan Lokey are serving as financial advisors to CC Capital in connection with the transaction. Ashurst is serving as Australian legal advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as US legal advisor to CC Capital. Herbert Smith Freehills Kramer is serving as Australian legal advisor and Weil Gotshal & Manges LLP is serving as US legal advisor to OneIM. Deloitte is serving as accounting and tax advisor to CC Capital. NMG Consulting provided strategic commercial due diligence advice to CC Capital. About CC Capital CC Capital Partners is a private investment firm based in New York, NY that was founded in late 2015 with a focus on investing in and operating high-quality businesses for the long term. The firm evaluates investments anticipating a hold-period well beyond that of a typical private equity firm and funds its investments through a variety of permanent capital sources. CC Capital frequently partners with highly-seasoned executives, managers and owners seeking to create significant value post-acquisition. More information on CC Capital can be found at About OneIM OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York. About Insignia With origins dating back to 1846, today the Insignia Financial Group is a leading Australian wealth manager. Insignia Financial Ltd provides financial advice, superannuation, wrap platforms and asset management services to members, financial advisers and corporate employers. Further information can be found at 1 APRA superannuation statistics for March 2025. Media Contacts For CC Capital: In the US: Jon Keehner / Kate ThompsonJoele Frank, Wilkinson Brimmer Katcher+1 (212) 355-4449CC-Capital-JF@ In Australia:Jo BallGRACoswayMobile: + 61 417 177 Ben WilsonGRACosway+61 407 966 083bwilson@ For OneIM:Bree Taylor/ Alan Tovey / Ksenia GalouchkoGreenbrook+44 207 952 2000OneIM@ View original content to download multimedia: SOURCE CC Capital
Associated Press
07-07-2025
- Business
- Associated Press
Nrep and Slate Asset Management Enter Agreement on Essential Real Estate Portfolio in Denmark
COPENHAGEN, Denmark--(BUSINESS WIRE)--Jul 7, 2025-- Urban Partners' real estate arm, Nrep, together with StepStone Real Estate ('SRE'), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), are pleased to announce the sale of a portfolio of five grocery-anchored retail properties and two adjacent residential properties in Greater Copenhagen. The portfolio is being acquired by a joint venture between Slate Asset Management ('Slate' or the 'Firm'), a global investor and manager focused on essential real estate and infrastructure assets, and OneIM, a global alternative investment manager that invests across the capital structure in a range of asset classes. OneIM is Slate's capital partner in the transaction, which is the first for Slate and OneIM's joint venture. The joint venture is actively targeting further acquisitions across the European essential retail sector. The acquisition marks Slate's first investment in Denmark and further increases the Firm's portfolio of high-quality essential real estate assets in Europe. All of the properties in the portfolio are in dense residential areas (Holte Midtpunkt, Lyngby Stationscenter, Frihedens Butikscenter, Vallensbæk Stationstorv Syd, and Taastrup Torv) and near the city's five major transportation corridors. During its ownership, Nrep led a comprehensive repositioning of the properties, transforming them into vibrant urban hubs with best-in-class sustainability credentials. Customer footfall has increased due to the addition of new tenants, including unique concept stores, diverse food and beverage offerings, and medical clinics. The introduction of new concepts and general renovations have also contributed to more efficient customer and tenant journeys, boosting turnover and activity in the surrounding areas. Today, the properties in the portfolio are let to leading regional grocers as well as some of Europe's largest and best-performing retail chains. The portfolio is well-occupied, with immediate upside potential through leasing of remaining vacancies and continued active management of the portfolio. 'We are pleased to be scaling our presence in the Nordics with this strategic acquisition in Denmark,' said Sven Vollenbruch, Managing Director at Slate. 'We have great conviction in the tailwinds driving growth in the Danish market, which has consistently outperformed the broader Eurozone across a number of key macroeconomic indicators. This portfolio presents an attractive entry point for us in this market given it is anchored by leading essential goods tenants – many of whom we already have well-established relationships with – and presents meaningful opportunities to unlock additional value through active, hands-on asset management.' 'This transaction epitomises our investment strategy,' said Thomas Riise-Jakobsen, partner and country manager for Denmark at Nrep. 'The properties are in attractive locations with reliable occupancy and offer significant ESG potential. They sit at the intersection of best-in-class development and the green transition, which is Nrep's absolute sweet spot. We are proud of the work we have done to enhance the portfolio - renovating, repositioning and elevating the centers and their surrounding communities - while delivering strong returns to our investors. With Slate Asset Management taking over, I have no doubt they will capitalise on the progress to date to elevate the properties further.' Josh Cleveland, Partner and Head of EMEA at SRE added: 'Nrep has been an important partner of ours in the Nordics and the opportunity to form a continuation vehicle with them to invest in these strong necessity-based retail and residential assets was an attractive investment opportunity for us.' Nrep has continuously renovated and upgraded the individual properties while strengthening the tenant mix. The projects have included local planning initiatives and the potential for 100 new residential units at Taastrup Torv. In Vallensbæk and Friheden alone, over 16,000 square meters of residential space have been created. Slate maintains a distinct focus on essential real estate, concentrating on the acquisition, ownership, and operation of assets vital to daily life, including grocery, necessity-based retail centers, and the logistics infrastructure that supports the distribution of food and other non-discretionary goods. Since entering the European market in 2016, Slate has been an active investor, completing transactions on more than 1,000 commercial properties across eight countries. Schjødt, Thylander, COWI, and PwC supported Slate in the transaction, while CBRE, Bruun & Hjejle, and Deloitte advised Nrep. About Slate Asset Management Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate's platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram. About OneIM OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York. About Nrep Nrep is a real estate investor committed to driving real change in the industry to benefit people and planet. Taking a holistic, long-term approach when investing across real estate segments, primarily residential, logistics, care homes and offices, Nrep is recognized for its ability to reimagining the built environment, including several large-scale neighborhood developments. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe. Nrep is part of Urban Partners. For more information, visit About StepStone Group and StepStone Real Estate StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for $709 billion of total capital, including $189 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the real estate, private equity, infrastructure, and private debt asset classes. View source version on CONTACT: Media Slate Asset Management Karolina Kmiecik [email protected] Partners/ Nrep Mikkel Ballegaard Pedersen [email protected] KEYWORD: DENMARK EUROPE INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY ASSET MANAGEMENT SOURCE: Slate Asset Management Copyright Business Wire 2025. PUB: 07/07/2025 02:00 AM/DISC: 07/07/2025 02:00 AM
Business Wire
07-07-2025
- Business
- Business Wire
Nrep and Slate Asset Management Enter Agreement on Essential Real Estate Portfolio in Denmark
COPENHAGEN, Denmark--(BUSINESS WIRE)--Urban Partners' real estate arm, Nrep, together with StepStone Real Estate ('SRE'), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), are pleased to announce the sale of a portfolio of five grocery-anchored retail properties and two adjacent residential properties in Greater Copenhagen. The portfolio is being acquired by a joint venture between Slate Asset Management ('Slate' or the 'Firm'), a global investor and manager focused on essential real estate and infrastructure assets, and OneIM, a global alternative investment manager that invests across the capital structure in a range of asset classes. OneIM is Slate's capital partner in the transaction, which is the first for Slate and OneIM's joint venture. The joint venture is actively targeting further acquisitions across the European essential retail sector. The acquisition marks Slate's first investment in Denmark and further increases the Firm's portfolio of high-quality essential real estate assets in Europe. All of the properties in the portfolio are in dense residential areas (Holte Midtpunkt, Lyngby Stationscenter, Frihedens Butikscenter, Vallensbæk Stationstorv Syd, and Taastrup Torv) and near the city's five major transportation corridors. During its ownership, Nrep led a comprehensive repositioning of the properties, transforming them into vibrant urban hubs with best-in-class sustainability credentials. Customer footfall has increased due to the addition of new tenants, including unique concept stores, diverse food and beverage offerings, and medical clinics. The introduction of new concepts and general renovations have also contributed to more efficient customer and tenant journeys, boosting turnover and activity in the surrounding areas. Today, the properties in the portfolio are let to leading regional grocers as well as some of Europe's largest and best-performing retail chains. The portfolio is well-occupied, with immediate upside potential through leasing of remaining vacancies and continued active management of the portfolio. 'We are pleased to be scaling our presence in the Nordics with this strategic acquisition in Denmark,' said Sven Vollenbruch, Managing Director at Slate. 'We have great conviction in the tailwinds driving growth in the Danish market, which has consistently outperformed the broader Eurozone across a number of key macroeconomic indicators. This portfolio presents an attractive entry point for us in this market given it is anchored by leading essential goods tenants – many of whom we already have well-established relationships with – and presents meaningful opportunities to unlock additional value through active, hands-on asset management.' 'This transaction epitomises our investment strategy,' said Thomas Riise-Jakobsen, partner and country manager for Denmark at Nrep. 'The properties are in attractive locations with reliable occupancy and offer significant ESG potential. They sit at the intersection of best-in-class development and the green transition, which is Nrep's absolute sweet spot. We are proud of the work we have done to enhance the portfolio - renovating, repositioning and elevating the centers and their surrounding communities - while delivering strong returns to our investors. With Slate Asset Management taking over, I have no doubt they will capitalise on the progress to date to elevate the properties further.' Josh Cleveland, Partner and Head of EMEA at SRE added: 'Nrep has been an important partner of ours in the Nordics and the opportunity to form a continuation vehicle with them to invest in these strong necessity-based retail and residential assets was an attractive investment opportunity for us.' Nrep has continuously renovated and upgraded the individual properties while strengthening the tenant mix. The projects have included local planning initiatives and the potential for 100 new residential units at Taastrup Torv. In Vallensbæk and Friheden alone, over 16,000 square meters of residential space have been created. Slate maintains a distinct focus on essential real estate, concentrating on the acquisition, ownership, and operation of assets vital to daily life, including grocery, necessity-based retail centers, and the logistics infrastructure that supports the distribution of food and other non-discretionary goods. Since entering the European market in 2016, Slate has been an active investor, completing transactions on more than 1,000 commercial properties across eight countries. Schjødt, Thylander, COWI, and PwC supported Slate in the transaction, while CBRE, Bruun & Hjejle, and Deloitte advised Nrep. About Slate Asset Management Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate's platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram. About OneIM OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York. About Nrep Nrep is a real estate investor committed to driving real change in the industry to benefit people and planet. Taking a holistic, long-term approach when investing across real estate segments, primarily residential, logistics, care homes and offices, Nrep is recognized for its ability to reimagining the built environment, including several large-scale neighborhood developments. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe. Nrep is part of Urban Partners. For more information, visit About StepStone Group and StepStone Real Estate StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for $709 billion of total capital, including $189 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the real estate, private equity, infrastructure, and private debt asset classes.
Yahoo
11-03-2025
- Business
- Yahoo
Singapore's SGI announces JV to expedite financing for clinical trials
Singapore-based SPRIM Global Investments (SGI) and One Investment Management (OneIM) have announced a $300m joint venture (JV) to expedite financing for clinical trials. This alliance is set to broaden SGI's TrialCap platform, which provides specialised funding solutions for clinical trials ranging from Phase I through Phase III. TrialCap's two decades of industry 'expertise' is set to offer flexible and financial backing to medtech and biotech firms. This is expected to assist these companies in progressing their therapies and bringing treatments to market sooner. SGI managing partner and co-founder Michael Shleifer said: 'Our mission is to remove financial barriers that hinder biotech and medtech companies from focusing on research and development. 'Through this strategic partnership with OneIM, we are significantly expanding our ability to provide critical financing solutions that drive innovation in life sciences.' SGI, established in 2008, is a private investment firm with a focus on clinical-stage life sciences and pharmaceutical services. Its investment model is designed to offer 'agile' financing to biotech companies globally, thereby backing the trial progression and the development of transformative treatments. OneIM is an alternative investment manager that invests across various asset classes and industries and its team operates from offices in London, Abu Dhabi, Tokyo and New York. Founded in 2022, it manages assets worth approximately $7bn. OneIM partner Matt Ross said: 'We see tremendous opportunities in the life sciences sector and are delighted to collaborate with SGI, a firm that has a proven track record, deep connectivity across the healthcare ecosystem, and a strong pipeline of opportunities. 'We look forward to accelerating the growth of this platform alongside Michael and the team.' "Singapore's SGI announces JV to expedite financing for clinical trials" was originally created and published by Clinical Trials Arena, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
