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

Search Results

Showing 631 - 640 of 7574 results for "Deal"

Perennial Partners takes over Australian Unity fund

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... management and investment strategy is ensured. Victor and Sam will be able to leverage from the substantial private markets deal flow that Perennial already enjoys which will benefit investors in the Future of Healthcare Fund." The Future of Healthcare ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds from the sale, after accounting for the ...

Dexus completes $300m raising

ELIZA BAVIN  |  TUESDAY, 7 MAY 2024
... of which were institutional while the remaining third were wholesale. Howes said DREP1 adopted a disciplined and rigorous deal assessment process, with only 4% of potential opportunities moving to execution. DREP2 would follow a similar disciplined process. ...

Prime Super finds new chief executive

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
Prime Super has appointed former Zurich chief of business transformation Raelene Seales as its new chief executive. The $7 billion industry fund with 140,000 members said Seales will commence on June 3. Seales previously served as Zurich's chief ...

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... business unit, saying it is this very unit that is now tasked with getting systems back online. UniSuper has apparently signed a deal with Capgemini to take over these roles, impacting 39 staff and eight external contractors. "Outsourcing has become ...

Count upgrades synergy benefits after Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... $1.3651 for each Diverger share following a 99.97% approval from shareholders in January. The Federal Court approved the deal on February 15. Meantime, former Diverger managing director Nathan Jacobsen is set to start a new role as Vital Business Partners ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... if an investigation is justified. "Many of the complaints are actually issues that are not appropriate for a regulator to deal with. They may be disputes within a company, or an issue regarding someone's personal experience. We do care about people's ...

Perpetual confirms KKR acquisition talk

JAMIE WILLIAMSON  |  MONDAY, 29 APR 2024
... arms. Over the weekend, the AFR reported KKR is set to acquire the business units, saying Perpetual had hoped to announce the deal last Wednesday during its quarterly market update but delayed doing so on the advice of its advisory team. At 10am today ...

Plenary Group sells 49% stake to ADQ

KARREN VERGARA  |  MONDAY, 29 APR 2024
... Plenary expanded to the Middle East in 2022, winning mandates that included the Zayed City Schools project. As part of the deal, ADQ will acquire shares from existing Plenary shareholders, including all those owned by Canadian pension fund Caisse de ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
Fund managers that rely on "golden visas" to attract rich investors are waiting with bated breath as the government overhauls Australia's "broken" migration system. Recently, Home Affairs minister Clare O'Neill froze the ability of fund managers' ...