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Showing 321 - 330 of 3453 results for "Stake"

TAL takes 15% stake in Challenger

KARREN VERGARA  |  MONDAY, 7 APR 2025
MS&AD Insurance Group Holdings has sold its entire 15.1% stake in Challenger to TAL. TAL, together with its parent company Dai-ichi Life Holdings, acquired the minority interest at $8.46 per share - marking a 53% premium to Challenger's closing ...

Count acquires Adelaide advice firm

MATTHEW WAI  |  MONDAY, 7 APR 2025
... Their services also include superannuation, retirement planning, and wealth and risk management. Count currently holds a 45% stake in Count Adelaide, and following the completion, the company will increase the holding to circa 65% from FY26.

Allegro sells Questas stake for $375m

ELIZA BAVIN  |  MONDAY, 7 APR 2025
Allegro Funds has sold its majority stake in Questas Group to Five V Capital for $375 million. Allegro acquired the majority stake in Questas in 2019, investing alongside its founder, Kede Carboni, in a partnership deal. Since then, Questas has grown ...

WTL mergers three advice firms amid joint venture

KARREN VERGARA  |  FRIDAY, 4 APR 2025
... "Investco" will inject an initial $3.5 million into the newly formed national group called "Hubco" in return for a 36% equity stake. The capital will be used to pay down debt, support business growth, and allow the founding principals to realise some ...

Apex wins $7bn super admin mandate

KARREN VERGARA  |  FRIDAY, 4 APR 2025
Apex Group has won a mandate to administer Diversa Trustees' $7 billion master trust business. Diversa will use Apex Superannuation going forward, part of which means utilising Iress' Acurity platform. Iress offloaded its superannuation business to ...

Fortitude Investment Partners acquires majority stake in SMSF audit firm

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
Fortitude Investment Partners has acquired a majority stake in self-managed superannuation fund (SMSF) audit firm ASF Audits. The investment will improve ASF Audits' client experience and accelerate future growth; the primary capital investment ...

EQT closes flagship infra fund at $37bn

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
... Energy Infrastructure in the US; and Rena and SK Shieldus in Asia Pacific. Further, EQT is negotiating to acquire a majority stake in Eutelsat Group's ground station infrastructure business in Europe, and a joint venture with T-Mobile to acquire Lumos ...

Plenary names new chief executive

KARREN VERGARA  |  MONDAY, 31 MAR 2025
... assets under management (AUM). On February 24, sovereign investor ADQ finalised its investment in Plenary, securing a 49% stake in the company. "The transaction marks the first major inbound investment from the United Arab Emirates into an Australian ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
Minister for financial services Stephen Jones has ruled out talk that the new class of adviser could provide holistic personal retirement advice and acknowledged the need to reform the Compensation Scheme of Last Resort (CSLR) during a post-budget briefing ...

Equity Story plots expansion, names chair

MATTHEW WAI  |  FRIDAY, 28 MAR 2025
... replaced by Capital Haus chief executive and founder Brendan Gow. The move follows Capital Haus taking an 11.6% strategic stake in Equity Story this month. Capital Haus currently oversees $300 million in assets and has plans to expand further in Australia ...