Details
Title Majority owner
End Date 2010-09-00
Is Current no
Notes Fortress said it would acquire the company, known as CW Financial Services, from majority shareholder Otera Capital, a Montreal-based lender, to build up its abilities in the recovering U.S. real estate market. Terms of the agreement were not disclosed, but Fortress said it would expect the deal to close during the third quarter if regulators approve it. Otéra Capital is a subsidiary of the Caisse de dépôt et placement du Québec, one of the leading institutional fund managers in Canada.