PropertyEU

ING completes sale of Clarion Partners

By A staff reporter 2011-06-10T00:00:00

Financial group ING has completed the sale of Clarion Partners, its US-based private market real estate investment manager, for $100 mln (EUR 69) to Clarion Partners' management and Lightyear Capital. Clarion Partners had EUR 15.9 bn in assets under management at end-March 2011. Lightyear is a US-based private equity firm.

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