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Home / transaction / Berkshire Global Advisors acted as financial advisor to CIM Group
Berkshire Global Advisors acted as financial advisor to CIM Group
  • has received an investment from

    • Berkshire Global Advisors acted as financial advisor to CIM Group

  • Date: February 2017
  • Sector: Private Markets - Real Estate / Assets
  • Sub-Sector: Real Estate
  • Region: APAC | North America
  • Seller AUM: $19.2 Billion

    • Seller Details
    Established in 1994, CIM is a leading partner for global institutional investors seeking to invest in real assets located in and serving urban communities with a principal focus on North America. CIM is a real assets manager with approximately $19 billion in assets under management offering investment strategies in opportunistic, core/stabilized, and value-add real estate, real estate debt, and infrastructure. CIM’s broad expertise includes in-house research, acquisition, investment, development, finance, leasing and property management capabilities. Headquartered in Los Angeles, CIM maintains regional offices in New York City, Oakland, CA, Bethesda, MD, and Dallas.

    Buyer Details
    Mitsui is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 138 offices in 65 countries. Utilizing its global operating locations, network and information resources, Mitsui is multilaterally pursuing businesses ranging from product sales, to worldwide logistics and financing, to the development of major international infrastructure and other projects in the following sectors: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Integrated Transportation Systems, Chemicals, Energy, Food, Food & Retail Management, Healthcare & Service, Consumer Business, IT & Communication Business, and Corporate Development Business.

    Transaction Summary
    This strategic partnership expands both CIM and Mitsui’s growth initiatives in real estate and infrastructure investments across North America. Proceeds from Mitsui’s 20% investment in CIM will be used entirely to fund CIM’s continued growth. Mitsui will also commit capital to multiple CIM funds. This relationship demonstrates Mitsui’s confidence that CIM’s investment management capabilities will be increasingly valued by global investors. CIM will continue to be overseen and controlled by its founders and principals. Mitsui’s total investment will be $450-550 million, with adjustments based on terms of the agreement.