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Colony NorthStar Selling Townsend to Aon for $475M
Colony NorthStar, Inc. has agreed to sell The Townsend Group to Aon plc for $475 million. Colony NorthStar is the majority owner of Townsend, a leading provider of global investment management and advisory services. It is primarily focused on real estate, with assets under advisory totaling roughly $175.7 billion, and assets under management totaling approximately $14.5 billion.
Colony NorthStar’s Richard B. Saltzman said, “The divestiture of Townsend is definitely bittersweet for Colony NorthStar, but we’re extremely pleased that the talented Townsend team has found a great new home with Aon.”
Townsend became a non-core legacy to NorthStar following the merger of Colony Capital and NorthStar earlier this year. Saltzman noted that was primarily because the market perceived a conflict with Colony’s institutional investment management business.
Morgan Stanley & Co. LLC acted as exclusive financial advisor for the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


