
One of Asia's largest real estate firms, GLP, has acquired UK-based private equity advisory firm M3 Capital Partners (M3CP).
The London-based firm will continue to operate as M3CP and also continue to provide advisory services to GLP Capital Partners (GCP), the fund management arm of GLP, which has carried out the acquisition.
The purchase comes just a month after GLP restructured its alternatives business, with GCP spun out as a dedicated alternative asset manager.
“This transaction represents a natural next step in our decades-long, successful fund management and fundraising relationship with M3CP,” said Alan Yang, chief executive of GCP.
Established in 1991, M3CP has advised transactions worth more than US$150 billion in total capitalisation.
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