Large Platform Events | Issue 23.33

 

Summary of Transaction Headlines

IREI | “Bain Buys Back Chindata in $3.2 Billion Data Center Deal”

Bain Capital has signed a definitive agreement with Chindata Group Holdings, an Asia Pacific hyperscale data center solution provider, to take the company private. The deal is valued at $3.2 Billion. Bain Capital, together with several existing and new investors, will acquire all of the outstanding shares of the company. Chindata was formed by merging Bain Capital’s two data center platforms, China-based Chindata and Asian market focused Bridge Data Centres.

IREI I “Corebridge Real Estate Investors Raises $1 Billion for Value-add Real Estate Fund”

Corebridge Real Estate Investors, formerly AIG Global Real Estate, has held a final closing of its U.S. Real Estate Fund IV (together with its related entity, U.S. Fund IV). U.S. Fund IV has amassed more than $1 Billion of total capital commitments and co-investment capital from an array of domestic and international investors. U.S. Fund IV is designed to further capitalize on this agile and opportunity-driven strategy with a focus on the logistics and multifamily sectors. Corebridge Real Estate Investors aims to identify and acquire high-quality assets located in key U.S. markets, leveraging favorable supply/demand dynamics through value-added renovations, re-tenanting, repositioning, and portfolio aggregation.

PERE | “Knight Frank IM Appoints CEO Successor”

Matthew McDonald has been appointed to lead the London based Manager after Kevin Aitchison moves to rival Savills Investment Management. Knight Frank Investment Management has moved quickly to announce a successor to its outgoing Chief Executive Officer Kevin Aitchison. PERE can reveal the firm has appointed Matthew McDonald, a Board Member of the firm since 2015 who had responsibility for the products division of the business. He has been primarily focused on KFIM’s principal pooled fund, KFIM Long Income Property Unit Trust. The vehicle was established in 2016 and today has a net asset value of approximately £900 Million ($1.145 Billion; €1.047 Billion).

Private Banker International | “DWS Asset Management Welcomes Chief Financial Officer”

Markus Kobler has been named DWS Group’s Chief Financial Officer and a Member of the Executive Board, beginning November 1 at the latest. Kobler will oversee finance, tax, capital planning and management, risk management, and investor relations in his capacity as Chief Financial Officer for DWS. Claire Peel, DWS Group current Chief Financial Officer, made the decision to retire earlier in the year. She will be leaving the organization on September 30.