Brookfield Business Partners remains the majority shareholder of Sera Global and has not sold any equity in connection with the transaction.
“CIBC’s global reach makes them an ideal partner as we focus on the growth of Sera Global’s business,” said Leo van den Thillart, Managing Partner and Global Head of Sera Global. “We believe a strategic partnership with CIBC will create new synergies and growth opportunities as we work together to expand Sera Global’s offerings and reach new client segments.”
“CIBC’s investment in Sera Global is consistent with our client-focused strategy, providing complementary advisory, lending and global markets solutions, and increased opportunities for our Commercial Banking and Wealth Management clients,” said Roman Dubczak, Managing Director & Head, Global Investment Banking, CIBC.
Sera Global will remain an independent real assets advisor and CIBC will act as a passive investor in the firm.
About Sera Global
Sera Global is a leading global real assets advisor with over $100 billion in transaction volume to date; Sera’s senior leadership has raised in excess of $300 billion of capital. Sera Global offers a range of transformational advisory and capital raising solutions to help clients achieve sustainable growth, enhance flexibility, and meet their strategic objectives. The firm provides integrated investment banking, capital raising and strategic advisory services across real estate, infrastructure, transition energy, digital, ESG related strategies and investments at the crossroads of real assets and private equity. Sera is co-headquartered in New York, NY and London, UK with dedicated offices in Los Angeles, Boston, Toronto, Frankfurt and Seoul. More information is available at www.seraadvisory.com.
CIBC is a leading North American financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network and locations across Canada, with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.
About Brookfield Business Partners
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership, or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.
Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with approximately $690 billion of assets under management. More information is available at www.brookfield.com.
Claire Walsh / Anne Hart
SOURCE Sera Global