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Showing 91 - 100 of 2905 results for "Stake"

Pacific Current Group buys into fund manager

CHLOE WALKER  |  WEDNESDAY, 20 SEP 2023
Pacific Current Group (PAC) has purchased a stake in LA-based private credit and structured equity investment management firm Avante Capital Partners (Avante). The 24.9% equity interest in Avante cost PAC about $61 million, with $23 million to be paid ...

Advice Revolution rebrands to elemnta

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
Fintech Advice Revolution has rebranded to elemnta and secured a partnership with Colonial First State to deliver integration solutions to financial advisers. elemnta chief technology officer Adrian Patty said elemnta is designed to connect key elements ...

Prime Super acquires utilities provider

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
The $6.7 billion Prime Super has acquired a utilities provider in which Macquarie Group held a stake. Active Utilities provides electricity, gas, and water, as well as end-to-end billing and customer support services. It operates 75,000 utility meters ...

Islamic Finance & Investments Association launches

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
The new investment association that will be the voice and leadership of Islamic banking, finance, and investments in Australia has launched. The Islamic Finance & Investments Association (IFIA) is founded by directors Dean Gillespie, chief executive ...

ClearView welcomes chief of staff

CASSANDRA BALDINI  |  MONDAY, 18 SEP 2023
ClearView has appointed Sharon Leong to the newly created position of chief of staff. Leong will report to ClearView managing director Nadine Gooderick and work with the executive leadership team to oversee the execution of the group's refreshed ...

Priority Advisory Group, Wise Planners merge

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2023
... strengthened with this merger," he said. In recent transactions, AZ NGA acquired a 42% interest in Foster Raffan iPlan. It bought a stake in accounting and advice firm McLean Delmo Bentleys in February and SCM Financial Group last November. Commenting ...

AustralianSuper invests $2.5bn in Vantage Data Centers EMEA

ANDREW MCKEAN  |  TUESDAY, 12 SEP 2023
... partnered with digital infrastructure investment firm DigitalBridge Group to invest $2.5 billion for a "significant minority stake" in Vantage Data Centers' EMEA division. The deal is hoped to bolster Vantage EMEA's growth strategy, facilitating ...

Industry mega trends impacting distribution roles

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
Natixis Investment Managers has beefed up its distribution team as the asset manager prepares for rugged market conditions amidst dislocation driven by internalisation and increased specialisation. The doubling of the sales headcount marks one of Natixis' ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... offer for PAC at $10.77 per share. Notably, Regal owns 12% of PAC, while River Capital is the largest shareholder with a 19% stake. In another development, Magellan Financial Group announced the retirement of non-executive director Colette Garnsey, effective ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... capital, with backers including Leadenhall Capital Partners, Schroders Investment Managers and Daido Life which took a 14.9% stake pre-launch in June 2018. The group is adamant that there will be no changes for existing policyholders, adding that its ...