8-KAcquisitions & DispositionsExhibits & Filings

CBRE GROUP, INC. 8-K Report, Acquisition Completed (Jul 7, 2011)

Filed July 7, 2011For Securities:CBRE

Summary

CB Richard Ellis Group, Inc. (CBRE) has filed a Form 8-K to report the completion of a significant acquisition. On July 1, 2011, the company successfully acquired substantially all of ING REI Clarion Holding, Inc. (CRES) and certain assets held in three ING REIM managed funds (CRES Co-Investment Assets) from ING Real Estate Investment Management Holding B.V. This transaction, initiated by a Share Purchase Agreement signed on February 15, 2011, represents a strategic expansion for CBRE within the real estate investment management sector. The total cash consideration for the acquisition amounted to approximately $382.46 million, with $323.90 million paid for CRES and $58.57 million for the CRES Co-Investment Assets. This acquisition is expected to enhance CBRE's service offerings and market position. The filing also references the previously filed Share Purchase Agreement, which contains detailed terms and conditions, including representations and warranties made by the parties involved.

Key Highlights

  • 1CBRE Group, Inc. completed the acquisition of ING REI Clarion Holding, Inc. (CRES) and related co-investment assets on July 1, 2011.
  • 2The total cash consideration for the acquisition was approximately $382.46 million.
  • 3The acquisition involved purchasing CRES for $323.90 million and CRES Co-Investment Assets for $58.57 million.
  • 4This transaction was executed through a Share Purchase Agreement originally entered into on February 15, 2011.
  • 5The acquisition represents a strategic move to expand CBRE's real estate investment management capabilities.
  • 6The filing incorporates by reference the Share Purchase Agreement for further details on terms and conditions.

Frequently Asked Questions

This Form 8-K was filed to announce and report the completion of CB Richard Ellis Group, Inc.'s acquisition of substantially all of ING REI Clarion Holding, Inc. (CRES) and certain related co-investment assets.

CBRE paid a total of approximately $382.46 million in cash. This amount was comprised of $323.90 million for CRES and $58.57 million for the CRES Co-Investment Assets.

The acquisition was completed on July 1, 2011.

Investors can find more details by referring to the Share Purchase Agreement, originally filed on February 16, 2011, with CBRE's prior Form 8-K filing. This agreement is incorporated by reference in the current filing.