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Cerberus agrees $1.6bn sale of Tenet Equity to CBRE

privateequitywire

17 hours ago

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Cerberus Capital Management has agreed to sell Tenet Equity, its real estate investment business, to commercial property services group CBRE in a deal valued at approximately $1.6bn.
The transaction will see CBRE acquire Tenet Equity as the real estate business continues to expand its investment platform and capabilities across the property market.
For Cerberus, the sale represents an exit from an asset it has developed within its broader real estate operations, while giving CBRE an opportunity...

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