Six and a healf years ago, Aon bought the Townsend group for $475 (€400 mln). Now the company has been moved on again but at an undisclosed price.
Aon is selling the real estate advisory group to The Riverside Company, and has called it a successful outcome.
'The transaction represents a successful outcome for all stakeholders as part of Aon’s portfolio management strategy, and Townsend’s prior history as standalone business will help to ensure a swift and effective transition to its new partners.’
Townsend was founded in 1983 and has offices in Cleveland, San Francisco, London, and Hong Kong. It provides global real estate and real asset investment advisory services including capital solutions to limited partners (LPs) and general partners (GPs) via funds, secondaries, co-investments and direct investments. It was founded in 1983.
It is led by Anthony Frammartino, partner and president (pictured).
The Riverside Company is a US-based global investment firm focused on being one of the leading private capital and credit options for middle market businesses.
