US hedge funds investor Grosvenor Capital Management LP said it had finalised the purchase of US-based investment firm Customized Fund Investment Group (CFIG
) from Swiss financial services major Credit Suisse Group AG (VTX:CSGN).
In a report titled 'Commercial Real Estate: Has the Tide Turned?' the Swiss bank's CFIG
team writes, 'while sovereign debt concerns could delay the commercial real estate sector's recovery in Europe, the U.S.
"In the competitive grocery retail climate, CFIG
continues to recognize those whose leadership, innovation, and commitment have placed them among Canada's most successful independents," said CFIG
president John F.T.
head Kelly Williams said that as part of Grosvenor, his company would have access to a broader range of solutions.
Don't know Card not if offered offered 2012 (n=28,999) 29% 27% 2011 (n=27,648) 29% # 29% 2010 (n=26,511) 34% 32% Total Chain (C) (n=12,891) 22% 11% Food (F) (n=3,860) 25% CG 17% # Mass Merchant (M) (n=5,820) 46% CFIG
34% Independent (I) (n=3,746) 36% CFG 50% # Clinic (G) (n=2,682) 20% 70% Card offered/ Card offered/ don't have one don't have one 2012 (n=28,999) 6% 38% 2011 (n=27,648) 6% 36% * 2010 (n=26,511) 7% 27% Total Chain (C) (n=12,891) 9% 58% FMIG Food (F) (n=3,860) 3% 55% MIG * Mass Merchant (M) (n=5,820) 6% 14% IG Independent (I) (n=3,746) 3% 11% G Clinic (G) (n=2,682) 2% 9% * 5+ points [up arrow] than previous year # 5+ points [down arrow] than previous year Base: Retail Pharmacy Customers Q10.
Arpey was previously working as co-head of Credit Suisse's (NYSE: CS) Customized Fund Investment Group (CFIG
-- The Canadian government will give nearly $360,000 in funding for the Canadian Federation of Independent Grocers (CFIG
) to train storeowners and managers on a new food safety system, as well as to help small producers and processors promote their products to grocers.
With a glider rating, all that is required to legally fly a motor glider is a self-launch endorsement from a CFIG
qualified in motor gliders.
2 August 2013 - US hedge funds investor Grosvenor Capital Management LP said today it had agreed to take over US-based investment firm Customized Fund Investment Group (CFIG
) from Swiss financial services major Credit Suisse Group AG (VTX:CSGN) for an undisclosed sum.
Credit Suisse's Investment Bank and Skadden, Arps, Slate, Meagher & Flom LLP councelled the vendor, whereas Evercore Partners Inc (NYSE:EVR) and Morgan Lewis & Bockius LLP acted as advisors to CFIG
.Country: USASector: Banking/Financial ServicesTarget: Customized Fund Investment Group (CFIG
)Buyer: Grosvenor Capital Management LP Vendor: Credit Suisse Group AGType: Corporate acquisitionStatus: AgreedBuyer advisor: Goldman Sachs & Co, Sidley Austin LLP, Foley & Lardner LLP , Simpson Thacher & Bartlett LLPComment: The deal is speculated to be worth over USD200m.
The show is presented by the Canadian Federation of Independent Grocers (CFIG
), a not-for-profit association representing 3,800 independent and franchised grocers across the country.