ESR Cayman acquires ARA Asset Management for US$5.2 billion

The Edge Singapore
The Edge Singapore8/4/2021 11:46 PM GMT+08  • 3 min read
ESR Cayman acquires ARA Asset Management for US$5.2 billion
The combined entity will have US$129 billion in AUM.
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ESR Cayman is acquiring ARA Asset Management for US$5.2 billion to form one of the world's largest real estate management firms with total assets under management of some US$129 billion.

Under terms of an agreement announced late in the evening of Aug 4, the deal has an irrevocable undertaking given by OMERS and, two key ESR shareholders holding a combined 46% stake.

Founded in 2002 and listed on the SGX between 2007-2017, ARA claims it is the largest real asset manager in Asia-Pacific along with its subsidiary, LOGOS.

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