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Showing 21 - 30 of 2514 results for "Purchase"

Prime to acquire boutique fund manager

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... Altor Capital which has a staff of seven based in Brisbane. Prime will pay an initial consideration of $1.5 million but a purchase price not exceeding $4.2 million payable. This is subject to Altor achieving an annual EBITDA of $700,000 over a three-year ...

MA Financial buys $96m hotel to seed fund

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
... outdoor swimming pool and car spaces. MA Financial joint chief executive Julian Biggins said the group is excited about the purchase of Vibe Docklands and expects it will be the first in a range of hotel properties it acquires in the near term. "We believe ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
The banking giant was found to have engaged in unconscionable conduct in the interest rate swap case borne out of AustralianSuper and IFM Investors' acquisition of part of Ausgrid in 2016. In October 2016, Westpac engaged in pre-hedging of an interest ...

Inflation falls to 4.1%, RBA weighs rate cut

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
Annual inflation in December 2023 was 4.1%, down from 5.4% the previous quarter, but still above the Reserve Bank of Australia's (RBA) 2-3% target band. This marks the fourth consecutive quarter of declining annual inflation, down from a peak of 7.8% ...

Quinn family rescues beloved Sara Lee

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
... noted that the Quinn family have been successful in fast-moving consumer goods businesses, most recently involved in the purchase of Darrell Lea after it had gone into voluntary administration in 2012, and its successful turnaround. As part of the transaction ...

Vale Lang Walker

CHLOE WALKER  |  MONDAY, 29 JAN 2024
Sydney-based property magnate and philanthropist Lang Walker has passed away, aged 78. Walker, who alongside his father Alec formed the privately-owned property development company Walker Corporation over 50 years ago, has been remembered as a nation-builder ...

BWP, Newmark Property REIT set to merge

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
... secure and growing income stream and long-term capital growth," Scantena said. Separately, BWP has entered into a sale and purchase agreement with Newmark to pay $22.5 million for the shares of Newmark REIT Management. Unless extended, the all-scrip ...

Perpetual Corporate Trust adds staff

ELIZABETH FRY  |  MONDAY, 22 JAN 2024
... wealth, asset management and superannuation markets. Perpetual acquired the debt and advisory business last October. The purchase also included specialist fixed income digital platform, Treasury Direct, which had $21 billion in assets under administration. ...

MSC Trustees acquires Certane Corporate Trust

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... Group, which provides retail custody, and trustee and agency services to asset managers and financial product issuers. The purchase price was not disclosed. Certane had a previous life as Sargon Capital, led by chief executive Phillip Kingston. In 2018 ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... SEC's move to list Bitcoin ETFs on regulated exchanges thus allows advisers "the kingmakers of the ETF market" to purchase them, opening up the cryptocurrency market to a key segment. Nevertheless, SEC chair Gary Gensler emphasised that the approval ...