Divestiture • Financial Services

CBRE Acquires CBRE Clarion Securities

On July 1, 2011, CBRE acquired financial services company CBRE Clarion Securities from ING Groep for 940M USD

Acquisition Context
  • This is CBRE’s 1st transaction in the Financial Services sector.
  • This is CBRE’s 5th largest (disclosed) transaction.
  • This is CBRE’s 3rd transaction in the United States.
  • This is CBRE’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date July 1, 2011
Target CBRE Clarion Securities
Sector Financial Services
Buyer(s) CBRE
Sellers(s) ING Groep
Deal Type Divestiture
Deal Value 940M USD

Target Company

CBRE Clarion Securities

Radnor, Pennsylvania, United States
CBRE Clarion Securities (formerly ING Clarion Real Estate Securities) offers various listed real estate investment programs.
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Buyer Overview 1

Buyer

CBRE

Dallas, Texas, United States

Category Company
Founded 1906
Sector Real Estate
Employees140,000
Revenue 35.8B USD (2024)
DESCRIPTION
CBRE Group's corporate headquarters in downtown Los Angeles, California.
CBRE Group's corporate headquarters in downtown Los Angeles, California.

CBRE is a commercial real estate services and investment firm. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CBRE was incorporated in 1906 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 4 of 48
Sector: Financial Services 1 of 2
Type: Divestiture 1 of 3
State: Pennsylvania 1 of 2
Country: United States 3 of 30
Year: 2011 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 Trammell Crow Company

Dallas, Texas, United States

Trammell Crow Company provides integrated real estate outsourcing solutions for corporate clients. Trammell Crow was formed in 1948 and is based in Dallas, Texas.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-07 Franc Warwick Chartered Surveyors

London, United Kingdom

Franc Warwick Chartered Surveyors is a real estate investment firm focused on capital market transactions, corporate acquisitions and sales, shopping centres, hotels and leisure, industrial and high street retail.

Buy -

Seller Profile 1

SELLER

ING Groep

Amsterdam, Netherlands

Category Company
Founded 1762
Sector Financial Services
Employees60,000
Revenue 22.5B USD (2024)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, Netherlands.


Deal Context for Seller #
Overall 4 of 13
Sector: Financial Services 3 of 5
Type: Divestiture 4 of 12
State: Pennsylvania 1 of 1
Country: United States 4 of 5
Year: 2011 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-16 ING Direct USA

Wilmington, Delaware, United States

ING Direct USA is a direct to consumer bank formed in 2000.

Sell $9.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-11 ING Insurance Bhd.

Kuala Lumpur, Malaysia

ING Malaysia is the third largest insurer in Malaysia, serving more than 1.6 million customers and offering a suite of products including life, general, employee benefits as well as Takaful insurance products through a joint venture.

Sell €1.3B