Search ResultsShowing 1 - 10 of 20 results for "Diversa Trustees"
Sargon trustee businesses sale expected soon
KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... revealed. At the time of acquisitions, Sargon's agreed to a purchase price of $94.6 million across three assets Diversa Trustees, CCSL and Australian Executor Trustees. OneVue was owed $31 million by Sargon Capital, from when it sold its Diversa ...
Raiz cuts AET amid Sargon saga
ALLY SELBY  |  MONDAY, 2 MAR 2020
... companies to an external, unnamed buyer in an exclusive sale agreement. These include business units such as AET, Diversa Trustees, CCSL. Although the sale price is currently unknown, it is thought to be much less than the original purchase price paid ...
HUB24 also in line at Sargon
KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... other secured creditors OneVue, Westpac and Taiping Trustees. The eight companies, which include businesses like Diversa Trustees and CCSL, collectively have about $154 million in total liabilities. The $154 million in liabilities across the eight companies ...
Sargon finds buyer for trustee business
KANIKA SOOD  |  THURSDAY, 27 FEB 2020
... operations. At the time of acquisitions, Sargon's agreed to a purchase price of $94.6 million across three assets Diversa Trustees, CCSL and Australian Executor Trustees, which are a part of the sale. The full extent of assets sold is not yet known. ...
Sargon clouds OneVue results
KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
... trustee business and other assets on an urgent basis. "We are unable to take ownership back of those businesses [Diversa Trustees and CCSL] as the sale was completed. However, we understand that we are the only material creditor of the business and the ...
OneVue recoups $4.36m from Sargon
KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... total $31 million that OneVue is looking to recoup. That is the amount outstanding from 2018 when it sold its Diversa Trustees and CCSL business to Sargon Capital for a total of $45 million. To this end, OneVue is shifting its focus to selling Madison ...
OneVue takes control of Sargon stake in Sequoia
KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... of 20 cents. The move comes as OneVue tries to recoup $31 million that is outstanding from its 2018 sale of Diversa Trustees to Sargon Capital Pty. On Tuesday OneVue appointed PwC as the receivers for SC Australian Holdings 1 Pty Ltd. "[The receivers] ...
Sargon companies in administration
KANIKA SOOD  |  MONDAY, 3 FEB 2020
... OneVue Holdings into a trading halt on Friday, as it awaits deferred payments from Sargon for the sale of the Diversa Trustees business. Today, the ASX-listed business's board and executives said the Sargon saga hasn't impacted its day-to-day ...
Sargon runs out of steam
KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... OneVue entered a trading halt, pending a statement about the developments at Sargon. OneVue Holdings sold its Diversa Trustees and CCSL business to Sargon in 2018. Sargon was to pay $37 million on completion and the $8 million in 12 months. At the time ...
Trustee firm, super fund in hot water
JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... the market, provided this is done in a way that prioritises the best interests of members." Sargon also owns Diversa Trustees and CCSL Limited.
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