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Colliers International Group Inc. (CIGI) is a diversified professional services and investment management company headquartered in Canada. With a global presence in more than 400 offices across 65 countries, Colliers employs approximately 18,000 individuals dedicated to delivering comprehensive real estate services and investment management to corporate and institutional clients.
The company's primary service lines include Outsourcing & Advisory, Investment Management, Leasing, and Capital Markets. Colliers operates through four distinct segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and Australasia; and Investment Management. This operational structure allows Colliers to leverage regional expertise while maintaining a cohesive global strategy.
Recent achievements highlight Colliers' commitment to growth and market leadership. Notably, Sankey Prasad has expanded his leadership role to become Chairman and Managing Director for both India and the Middle East, further strengthening Colliers' presence in these key regions. Under Prasad's leadership, Colliers has diversified into new markets, developed cutting-edge technologies, and achieved significant year-over-year growth.
Financially, Colliers has demonstrated robust revenue growth, particularly in high-value recurring services. The company's annual revenues are approximately $4.3 billion, with $98 billion of assets under management. This financial strength supports Colliers' mission to maximize the potential of property and real assets, accelerating the success of clients, investors, and employees alike.
Colliers is also active in strategic acquisitions to bolster its capabilities and market reach. For example, the acquisition of key U.S. Northeast and Mid-Atlantic regions has enhanced Colliers' service offerings and client relationships in these areas.
Colliers' core values are reflected in its commitment to providing expert real estate and investment advice through a client-focused approach. The company continues to evolve in response to market trends, delivering innovative solutions that meet the diverse needs of clients worldwide.
With a strong leadership team and a clear vision for the future, Colliers remains a formidable player in the global real estate and investment management industry, consistently delivering value and driving growth for its stakeholders.
On October 3, 2022, Colliers International Group (NASDAQ: CIGI) announced the implementation of an Automatic Share Purchase Plan (ASPP) as part of its Normal Course Issuer Bid (NCIB) for buying back its subordinate voting shares. This plan allows Colliers to make share purchases during blackout periods, adhering to TSX regulations, starting October 3, 2022, and ending on October 28, 2022. The NCIB, which began on July 20, 2022, is set to conclude no later than July 19, 2023. All shares purchased under the ASPP will count towards the NCIB total.
Colliers (CIGI) announces acquisition of Pangea Property Partners. This agreement will enhance Colliers' operations in Sweden and Norway, merging Pangea's expertise in capital markets advisory with Colliers’ existing services. The combined entity will employ over 80 professionals, offering comprehensive services including leasing, sales brokerage, and project management. This acquisition positions Colliers as a dominant player in the Nordic region, building on its existing leadership in Denmark and Finland. The financial terms were not disclosed.
Colliers (NASDAQ and TSX: CIGI) is set to enhance its presence in the EMEA region by acquiring a controlling interest in Pangea Property Partners, a prominent capital markets advisor in Sweden and Norway. This merger aims to strengthen Colliers’ market leadership in the Nordic region, combining over 550 professionals across Denmark, Finland, Norway, and Sweden. With this move, Colliers is positioned to capture more than 27% of market activity, making it a dominant player in capital markets services, debt advisory, and project finance.
Colliers International Group (CIGI) reported strong Q2 2022 results with revenues of $1.13 billion, a 19% increase year-over-year. Adjusted EBITDA rose by 18% to $161.3 million, while adjusted EPS reached $1.84, up 16%. GAAP earnings improved significantly, showing $103.9 million compared to a loss of $385.8 million in Q2 2021, which included a $471.9 million settlement. The Investment Management segment is growing, expected to comprise 30% of annualized adjusted EBITDA, with $85 billion in assets under management. Colliers forecasted over $1 billion in capital deployment for 2022.
Colliers Engineering & Design has announced its acquisition of a controlling interest in PEAKURBAN Pty Limited, a fast-growing Australian engineering firm. This marks Colliers' first international acquisition in the engineering sector, enhancing its service offerings and accelerating growth opportunities in Australia. PEAKURBAN will rebrand to Colliers Engineering & Design and integrate into current operations, with its senior leadership remaining significant shareholders. The transaction's financial details were not disclosed, but it aims to strengthen Colliers' presence in the Asia Pacific market.
Colliers International Group (CIGI) announced a normal course issuer bid (NCIB) for up to 3,500,000 subordinate voting shares, representing 9.85% of its public float. The NCIB will commence on July 20, 2022, and end by July 19, 2023. The company plans to purchase shares through the TSX and NASDAQ at market prices, with daily limits set based on trading volumes. Colliers had previously authorized a similar NCIB, under which it purchased 999,439 shares. The firm's strategic approach aims to use corporate funds effectively to benefit shareholders.
Colliers International Group (CIGI) is set to release its second-quarter financial results for the period ending June 30, 2022, on August 3, 2022, at 7:00 AM ET. A conference call to discuss these results will occur at 11:00 AM ET the same day, featuring CEO Jay S. Hennick and CFO Christian Mayer. Participants must pre-register for dial-in details. Colliers, with operations in 62 countries and annual revenues of $4.3 billion, aims to maximize client and investor success while boasting a 20% compound annual return for shareholders over 27 years.
Colliers (NASDAQ and TSX: CIGI) has completed its investment in Rockwood Capital, LLC, a prominent U.S. real estate investment firm managing over $12 billion in assets. This strategic move aims to enhance Colliers' investment management capabilities. Rockwood serves over 130 institutional investors, having invested more than $36 billion in real estate since inception. With a strong focus on maximizing property value, Colliers boasts annual revenues of $4.3 billion and $77 billion in assets under management.
Colliers (CIGI) has announced its agreement to acquire a 75% stake in Versus Capital, a U.S. alternative real asset management firm managing approximately $6 billion in assets. This deal, expected to finalize in Q4 2022, aims to enhance Colliers' private wealth distribution capabilities. With an annual management fee revenue projected between $75-80 million and Adjusted EBITDA of $40-45 million following the acquisition, Colliers is positioning itself for growth within the private wealth market. This strategic partnership intends to leverage Versus' investment solutions and Colliers' diverse platform.
The Jefferson Institute for Bioprocessing (JIB) and Plymouth Group announced the relocation of JIB’s biotechnician training program to Budd Bioworks in Philadelphia. This partnership aims to enhance the life science workforce in the region, supporting the development of therapies in 'Cellicon Valley.' JIB will provide training services both remotely and on-site, focusing on various biopharmaceuticals and biologics. This initiative is expected to spur economic opportunity and address the growing demand for bioprocessing talent. Budd Bioworks will serve as a hub for innovation and manufacturing in life sciences.
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