other material
confidence high
sentiment neutral
materiality 0.55
GCM Grosvenor buys out CPPIB-affiliated partner's stake in Mosaic for ~$163M
GCM Grosvenor Inc.
- GCMH exercised option to purchase third-party investor's Mosaic interest for net ~$163M, including $13M discount.
- Transaction removes redeemable noncontrolling interest from Company's financial statements.
- Third-party investor was affiliated with Canada Pension Plan Investment Board.
- Closing effective July 2, 2021.