Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 441 - 450 of 3746 results for "Acquisition"

QIC splashes $32m on PEP acquisition

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
Queensland Investment Corporation (QIC) lent $32 million to back Pacific Equity Partners' (PEP) acquisition of ATOM Group, an industrial and safety goods distributor. QIC Private Debt made the transaction via PEP's Fund VII. PEP flagged late ...

Prime FG eyes wealth management business

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... the offer is successful, the firm is expected to generate some $12 million revenue for PFG in FY24. "The potential acquisition is incomplete and remains subject to satisfaction of further conditions including completion of due diligence, agreement of ...

Most in-demand skills for financial services workers

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
Recruitment at all levels across most categories in the financial services industry has been lacklustre over the 2023/24 year, but there are some skills highly in demand, according to new data from Perceptor. The one exception has been insurance, which ...

Brighter Super awards custody mandate

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... servicing our clients." Brighter Super is the result of a merger between LGIAsuper and Energy Super, as well as the acquisition of Suncorp Super. The fund is home to 230,000 members and is the fourth-largest non-government financial institution in Queensland. ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... one of two key strategies to achieve synergies when it acquired Australian Executor Trustees (AET). At the time of acquisition, Equity Trustees announced its intention to exit the AET platform business and outsource the administration of the Small APRA ...

Generation Development Group to take over Lonsec

KARREN VERGARA  |  MONDAY, 3 JUN 2024
... In 2020, GDG paid about $20.1 million to acquire a 37% stake in Lonsec. GDG chief executive Grant Hackett said the acquisition will provide GDG with "full ownership of a highly strategic asset in an attractive segment of the wealth management sector." ...

Regal Partners acquires Merricks Capital

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... co-investment vehicles for a broad range of wholesale wealth management firms, institutional clients and family offices. The acquisition will cost Regal approximately $235 million, comprised of a cash payment of $40 million, subject to customary net ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
... community. We have no desire to be the largest, our desire is simply to be the best, and to work with the best. This acquisition takes us closer to this objective," Steinhardt said. The move comes about eight months after Madison partnered with Godfrey ...

Platform reveals advice firms' top issues

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
Practice management, advice technology, and superannuation are top of mind for financial advisers who want to improve their aptitude and knowledge, according to professional networking platform Ensombl. The analysis of adviser conversations stemming ...

HMC Capital scoops up Payton Capital

ANDREW MCKEAN  |  FRIDAY, 24 MAY 2024
... contingent on meeting unspecified performance targets. In an ASX announcement, HMC cited the strategic rationale for the acquisition was borne from a "golden period" of high risk-free rates and strong credit risk premiums for private credit. It also ...