Brookfield to buy 75 pct stake in Schoeller Allibert

The private equity group of Brookfield Asset Management has agreed to acquire a 75 percent interest in Schoeller Allibert Group BV, a Dutch designer and maker of returnable plastic packaging systems. The stake is being acquired from JPMorgan Chase & Co for about 205 million euros (about $245 million). Brookfield is partnering with Schoeller Allibert’s founder, the Schoeller family, which will continue to hold a 25 percent interest. PRESS RELEASE BROOKFIELD, NEWS, Jan. 05, 2018 (GLOBE NEWSWIRE) — Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) (“Brookfield Business Partners”), together with institutional partners (collectively “Brookfield”), announced today that it has entered into an agreement to acquire a 75% controlling interest in the Schoeller Allibert Group B.V. (“Schoeller Allibert” or “the Company”), one of Europe’s largest manufacturers of returnable plastic packaging systems for €205 million. The stake is being acquired from an indirect subsidiary of JPMorgan Chase & Co
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J.P. Morgan Asset Management raises $480 mln for second maritime fund

J.P. Morgan Asset Management has closed its second maritime fund at $480 million. The limited partners of Global Maritime Investment Fund II include pension plans, insurance companies, endowments and healthcare organizations. The pool will invest in vessels in distressed shipping sectors. So far, the fund has deployed $312 million of its capital via the acquisition of 14 assets. PRESS RELEASE NEW YORK, June 22, 2017 /PRNewswire/ — J.P. Morgan Asset Management today announced the closing of its Global Maritime Investment Fund II with $480 million in capital commitments from a broad range of international institutional investors, including pension plans, insurance companies, and endowment and health care entities.
The Fund, which surpassed its $400 million targeted capital raise, is one of the largest dedicated shipping funds. It seeks to invest, through a closed-end structure, in modern vessels operating in shipping sub-sectors that are experiencing substantial distress, with values trading
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Samsung SRA collects $270 mln for initial U.S. office mezzanine debt fund

Samsung SRA Asset Management has closed its debut U.S. office mezzanine debt fund at $270 million, beating its $200 million target. Samsung SRA will focus on providing mezzanine debt to Korean institutional investors seeking to back office assets in New York, Boston, Chicago, San Francisco, Washington, D.C. and Los Angeles. J.P. Morgan Asset Management is serving as an investment manager for the fund. PRESS RELEASE NEW YORK, Oct. 19, 2016 /PRNewswire/ — J.P. Morgan Asset Management – Global Real Assets today announced it is serving as investment manager for Samsung SRA Asset Management’s first U.S. office mezzanine debt fund. Samsung SRA, the real estate asset management subsidiary of Samsung Life Insurance, launched the fund to provide Korean institutional investors access to mezzanine debt on stable core office assets in six U.S. central business districts – New York, Boston, Chicago, San Francisco, Washington, DC and
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JPM puts Rossano Nonino in charge of Brazil real estate

J.P. Morgan Asset Management – Global Real Assets appointed Rossano Nonino chief investment officer and head of real estate, Brazil. Nonino, who founded Gávea Real Estate in 2012, will work out of the São Paolo office, leading a team of eight investment professionals. PRESS RELEASE
SAO PAOLO, Aug. 2, 2016 /PRNewswire/ — J.P. Morgan Asset Management – Global Real Assets today announced the appointment of Rossano Nonino as Chief Investment Officer and Head of Real Estate Brazil. In this newly created role, Nonino will be based in the São Paolo office of J.P. Morgan Asset Management and responsible for leading the firm’s Brazil-based real estate investment team that includes eight professionals. He will report to Kevin Faxon, Head of Real Estate Americas, and locally to Vital Menezes, CEO of Global Investment Management LATAM.  J.P. Morgan Asset Management – Global Real Assets has more than 400
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Goldman Sachs Investment Partners invests $150 mln in SMS Assist

SMS Assist said June 7 it raised $150 million in Series D funding from Goldman Sachs Investment Partners. Prior investors in SMS Assist include Insight Venture Partners and Pritzker Group Venture Capital. Chicago-based SMS Assist is a mobile and cloud-based multisite property management company. PRESS RELEASE CHICAGO, June 7, 2016 – SMS Assist, an innovative mobile and cloud-based multisite property management company, today announced it has raised $150 million in Series D funding from Goldman Sachs Investment Partners. Prior investors in SMS Assist include Insight Venture Partners and Pritzker Group Venture Capital.
SMS Assist offers property owners a cloud-based technology platform and a network of more than 20,000 subcontracted affiliates and an estimated 500,000 technicians to address the maintenance and management needs in their 120,000-location portfolio. The company’s advanced technology platform integrates customer, subcontractor and SMS Assist operations, eliminating unnecessary steps in the maintenance workflow and allowing clients to reduce
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