Rockefeller to buy property fund manager Europa, report

U.S. real estate investment company Rockefeller Group is reportedly in talks to buy London-based property fund manager Europa, according to the Financial Times. Europa is not believed to have solicited any offers, the report said. The Financial Times claims that Rockefeller would operate Europa’s private equity real estate strategy.

(Reuters) – Rockefeller Group, the U.S. real estate investment company, is in talks to buy a controlling stake in property fund manager Europa, the Financial Times reported on Monday.

Rockefeller, which is advised by Credit Suisse, has been searching for a potential fund management acquisition to use as a spring-board into the European market, the newspaper said.

London-based Europa was not thought to have solicited offers, it added.

No price was available for the deal which could be announced as early as today.

Europa and Rockefeller were not immediately reachable by Reuters out of regular office hours.

Citing people close to the process, the FT said Rockefeller would operate Europa’s private equity real estate strategy, while Europa’s owners will remain in charge of the European business and retain a significant minority stake. (Reporting by Karolina Tagaris; Editing by Anshuman Daga)