CLI to acquire 40% stake in SC Capital Partners for $280m
CLI will fully acquire SC Capital Partners by 2030.
CapitaLand Investment Limited (CLI) plans to acquire SC Capital Partners Group (SCCP) fully by 2030.
As part of the acquisition, CLI will initially acquire a 40% stake in SCCP for $280m, with the remaining stake to be acquired in phases over the next five years.
CLI will also invest a minimum of $524m strategic capital in SCCP’s fund strategies to support its growth.
The 40% stake acquisition will increase CLI’s funds under management (FUM) by $11b and boost its presence in Japan as 76% of the FUM from SCCP is in Japan.
CLI will fund its initial investment of the 40% stake through cash, with the deal set to close in Q1 2025. SCCP will continue to operate independently until CLI completes its acquisition of the remaining 60% stake.