Northstar buys Singapore's ERA Real Estate in MBO - update
The Northstar Group will buy ERA Real Estate, Singapore’s largest real estate agency, from Hersing Corporation in a deal reportedly worth more than S$100 million ($78.8 million). Jack Chua, former president of ERA, is leading a group of senior executives who are co-investing with Northstar in the business.
Although the financial details were not disclosed, the deal is reported to be worth more than S$100 million but less than the S$150 million Hersing was seeking when it put ERA up for sale earlier this...
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