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Showing 1 - 10 of 3262 results for "Acquisition"

HMC Capital acquires asset manager

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
... close in Q2 CY24 and is subject to customary closing conditions, including regulatory approvals. HMC Capital said the acquisition is consistent with its strategy to establish new growth platforms in digital infrastructure, energy transition and private ...

PE deals tumble again, down 63%: Bain & Company

KARREN VERGARA  |  TUESDAY, 26 MAR 2024
... Zealand specifically produced only two megadeals as opposed to nine in 2022: Advent International's US$1.2 billion acquisition of fashion brand Zimmermann and TPG Capital's US$1.2 billion buyout of funerals group InvoCare. Five V Capital raised ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
Property fund manager Castlerock is aiming to raise $30 million to expand its portfolio focused on government-leased assets. The Castlerock Government Property Fund invests in state and Commonwealth government properties spanning five states. The 10-year-old ...

Brighter Super signs David Koch as ambassador

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... achieve better retirement outcomes." "The focus of the partnership is on existing members, rather than new member acquisition." Meantime, Brighter Super chief executive Kate Farrar said partnering with Kochie - who retired from television last year - ...

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... PAC operating model continues to simplify," PAC said. PAC shareholders will need to approve the externalisation and acquisition at an extraordinary general meeting (EGM) in April. Perpetual and River Capital, which have 15% and 19.8% holdings in PAC ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... practices' bottom line and ultimately drag business valuations, a new analysis reveals. The latest Advice practice acquisition, sale & valuation guide from Centurion Market Makers highlights the struggle advice firms face in servicing clients that pay ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
Coastal Advice Group (CAG) has continued its expansion plans by announcing it has merged with Port Macquarie financial advice firm Compass Financial Management. This comes after CAG also acquired both RI Advice Brighton and Wealth for Life Financial ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... have in place with superannuation funds". Thompson confirmed "we don't charge employers or employees". "Member acquisition costs are paid by the super fund administrator. Funds likely pass this cost onto members, which is why it's crucially important ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... profit after tax (UPAT) reached $98.2 million, 46% higher than the prior corresponding period because of the Pendal acquisition and higher wealth management earnings.

UniSuper, ISPT acquire commercial property at Western Sydney Airport

ANDREW MCKEAN  |  WEDNESDAY, 6 MAR 2024
... the development of the airport precinct. Richmond Bridge, a real estate investment management firm, facilitated the acquisition on behalf of UniSuper and ISPT. While Richmond Bridge will oversee UniSuper's stake in the project, ISPT will manage its ...
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