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Brookfield Eases Concern About Slow Deal Pace With Westinghouse Sale

  • Renewables unit teamed with uranium miner on $8 billion deal
  • PE chief Cyrus Madon calls it a ‘precursor of what’s to come’
Brookfield Asset Management CEO Bruce Flatt 

Brookfield Asset Management CEO Bruce Flatt 

Photographer: Kevin Van Paasen/Bloomberg

When Brookfield Asset Management Inc. announced the sale of Westinghouse Electric Co. for about six times its invested capital, it was a much-needed win for the world’s second-biggest alternative-asset manager. 

Until that point, some investors had grown impatient with Brookfield’s publicly traded buyout arm, as questions mounted about how much time it was taking to sell portfolio companies and free up capital for new investments.