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Showing 1 - 10 of 46 results for "Pacific Current Group"

Pacific Current Group wraps up buyout talks

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
GQG Partners has failed to get support from River Capital to acquire Pacific Current Group (PAC), leading the latter to wrap up the transaction process. PAC will dissolve the independent board committee (IBC) it installed earlier this year to review ...

GQG's PAC acquisition attempt hits snag

KARREN VERGARA  |  MONDAY, 13 NOV 2023
GQG Partners' attempted acquisition of Pacific Current Group (PAC) has hit a snag as the former's major shareholder River Capital imposes its own conditions and a lower offer price. River Capital has undercut the original $11 offer to be paid in cash ...

GQG Partners FUM declines

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... confirmed it submitted a non-binding indicative proposal for a total acquisition of multi-boutique asset manager Pacific Current Group (PAC). In pursuit of the deal, GQG has acknowledged the strategic value of a takeover of PAC and remains committed ...

GQG makes official bid for PAC

CHLOE WALKER  |  THURSDAY, 2 NOV 2023
Pacific Current Group (PAC) confirmed it received a buyout offer from global fund manager GQG Partners (GQG), valuing the firm at $567.3 million. PAC had been the subject of an initial buyout offer of $388 million by Regal Funds Management (Regal) and ...

Regal Partners, PM Capital confirm acquisition talks

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... market on further progress. The announcement comes after Regal Partners recently withdrew its bid to acquire Pacific Current Group, citing its disappointment in dealing with the fund manager. Despite dumping the deal, Regal reinforced that its growth-focused ...

Regal dumps bid for Pacific Current Group

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2023
Months on from submitting its bid to acquire Pacific Current Group, Regal Partners has withdrawn, saying it's been "consistently disappointed" in dealing with the fund manager. In March, Regal partnered with River Capital to put forth a non-binding ...

Pacific Current Group buys into fund manager

CHLOE WALKER  |  WEDNESDAY, 20 SEP 2023
Pacific Current Group (PAC) has purchased a stake in LA-based private credit and structured equity investment management firm Avante Capital Partners (Avante). The 24.9% equity interest in Avante cost PAC about $61 million, with $23 million to be paid ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... billion. As previously reported by Financial Standard, GQG is also in the throes of a bidding war to acquire Pacific Current Group (PAC). While not disclosing any specific offer details, GQG chief executive Tim Carver said: "We believe we can put forward ...

SG Hiscock partners with US fund manager

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... large mandate to EAM Global Investors, which is part of Pacific Current Group's multi-boutique suite. Pacific Current Group is responsible for institutional distribution, while SG Hiscock covers the adviser market and distribution of global small ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... this business environment," Carver said. In July, GQG announced its intention to acquire all the shares of Pacific Current Group (PAC). It updated shareholders saying the acquisition is contingent upon successful due diligence and board approval. "We ...
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