Cain merges with Blackbrook Capital to create $17bn player

Cain International is merging with Blackbrook Capital to create a firm with more than $17bn (£13.5bn) of assets under management. The merger is part of a strategy to expand the reach of both businesses across European alternatives markets. The merged entity will retain the name Cain International and will be based at a new global headquarters at 72 Welbeck Street, W1. Arvi Luoma, co-founder and chief executive of Blackbrook, will lead Cain’s European equity investment strategies, reporting to Cain boss Jonathan Goldstein. Under the new structure, Blackbrook will continue operating as a subsidiary of Cain and will continue to focus on future-proof supply chain infrastructure, including logistics investment and development as well as net lease, build-to-suit and sale-leaseback transactions across Europe. The investment team will be led by Jon Strang.  Goldstein said the merger was an “exciting milestone in the ongoing growth and development” of Cain. He added: “We are confident that Blackbrook’s deep expertise will significantly bolster the firm’s strengths as we continue to expand our reach across the European alternatives sectors.”