Brookield to buy GrafTech

By Luisa Beltran — 6 months ago

Brookfield Asset Management Inc. agreed Monday to buy GrafTech International Ltd for $5.05 a share. The Wall Street Journal valued the deal at $692.8 million. Independence, Ohio-based GrafTech provides graphite material solutions for customers in sectors such as steel manufacturing, advanced energy applications and latest generation electronics. J.P. Morgan Securities LLC advised GrafTech.


Apache to sell Australian unit to Macquarie Capital, Brookfield Asset Management for $2.1 bln

By Luisa Beltran — 8 months ago

Apache Corp. said Thursday it has agreed to sell its Australian subsidiary Apache Energy Ltd. to consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. The purchase price was $2.1 billion. Apache Energy, and its subsidiaries, produced about 49,000 barrels of oil equivalent per day in March. With the sale, Apache said it is fully exiting its exploration and production business in Australia but retains a 49 percent stake in Yara Pilbara Holdings Pty Ltd., a fertilizer producer.


Brookfield to launch facilities management business in U.S. and Europe

By Iris Dorbian — 10 months ago

Brookfield Asset Management Inc has agreed to buy the other 50 percent of its Canadian and Australian facilities management businesses from Johnson Controls Inc. The price of the acquisition is about $200 million. As a result of Brookfield ending its joint venture pacts with Johnson Controls, Brookfield will launch a facilities management business in the U.S. and Europe.


Brookfield Completes Property Spin-Off

By Angela Sormani — 3 years ago

Brookfield Asset Management has completed the spin-off of Brookfield Property Partners, a newly-created company which owns all of Brookfield’s commercial property assets. Brookfield Asset Management is a global alternative asset manager with over $175 billion in assets under management. The company has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity.


Kotak Mahindra Group Raising $300M PE Fund

5 years ago

India’s Kotak Mahindra Group aims to raise $300 million in local and international private equity funds for investments across infrastructure programs, Reuters reported. Japan’s Sumitomo Mitsui Banking Corp and Canada’s Brookfield Asset Management have signed on as investors in the fund, contributing up to 22.5% of the capital. India has said it needs to double infrastructure spending to $1 trillion over the next five years, Reuters said.


Brookfield Asset Management Selling Concert Industries

By PEHub Administrator — 6 years ago

TORONTO (Reuters) – PH Glatfelter Co (GLT.N), a manufacturer of specialty papers and engineered paper products, said on Tuesday it is buying Concert Industries Corp from Brookfield Asset Management Inc (BAMa.TO) (BAM.N) for C$246.5 million ($237 million).   Glatfelter expects the acquisition to modestly add to 2010 earnings and add $0.20 to $0.25 per share […]