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Showing 111 - 120 of 1284 results for "Takeover"

Australian Wealth Advisors Group invests big in Sequoia

KARREN VERGARA  |  TUESDAY, 4 FEB 2025
The Australian Wealth Advisors Group (AWAG) has become a major shareholder in Sequoia Financial Group. AWAG, which is also ASX-listed, has an 18.02% stake in Sequoia across more than 22.37 million securities. According to the 2024 annual report, Unrandom ...

Resolution Life completes NZ$410m life business transaction

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... trans-Tasman life insurer, Resolution Life Australasia, has completed the acquisition of Asteron Life New Zealand. The takeover, reported last year by Financial Standard, further cements Resolution Life as the second largest life insurer in New Zealand. ...

Bain Capital improves Insignia Financial bid

JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2025
Insignia Financial has opened its books to Bain Capital after it matched CC Capital Partners' revised takeover offer. It comes as the wealth giant reports several achievements, including growth in its alternatives business. After CC Capital lobbed a ...

Regal FUM hits record high

MATTHEW WAI  |  WEDNESDAY, 22 JAN 2025
Regal Partners' funds under management (FUM) increased 4.6% in the December quarter, bringing the company's total FUM to $18 billion in 2024. Net inflows in Q4 24 were $720 million, a record quarter for the group, Regal said. Despite the investment ...

Insignia grants CC Capital limited due diligence

ELIZA BAVIN  |  MONDAY, 20 JAN 2025
... granted CC Capital Partners a limited period of access for the provision of due diligence after it received a revised takeover offer last week. On January 17, Insignia received a revised non-binding and indicative proposal from CC Capital Partners to ...

Insignia takeover heats up, Bain Capital ups bid

KARREN VERGARA  |  MONDAY, 13 JAN 2025
... said. The $4.30 per share offer is a 40% premium to Insignia's share price prior to Bain Capital instigating the takeover talks on December 12. Morningstar equity analyst Shaun Ler said CC Capital's bid "vindicates our view that Insignia was ...

Platinum AUM inches to $11bn

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
... its top performers for the year, delivering about 20% and 30% respectively. Platinum's board rejected Regal's takeover bid in late September. Last month, the two parties confirmed they have walked away from any potential deal. "Regal's growth-focused ...

Insignia denies yet another takeover bid

ELIZA BAVIN  |  FRIDAY, 10 JAN 2025
Insignia Financial has denied that it has received a takeover offer from global investment giant Brookfield Asset Management, in response to media speculation. Making an announcement on the ASX, Insignia noted the speculation that Brookfield was actively ...

Regal, Magellan book performance fees

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... acquired Merricks Capita l for $235 million and gained a stake in Argyle Group. Regal called it quits on its attempted takeover of Platinum Asset Management in early December. Separately, Magellan Financial Group's FUM dipped to $38.6 billion from ...

Perpetual awards mandate to Equity Trustees

KARREN VERGARA  |  TUESDAY, 7 JAN 2025
... Trustees (EQT) to oversee two of its superannuation products as the new trustee. Equity Trustees Superannuation will takeover trustee duties on 1 March 2025 from Perpetual for the Select Super Plan and Select Pension Plan. This is still subject to the ...