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Showing 1 - 10 of 21 results for "River Capital"

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
... 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 for ...

GQG Partners FUM declines

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... committed to considering alternative transaction structures to broker an alliance. However, they're yet to win over River Capital, the largest shareholder of PAC. Separately, besieged Magellan Financial Group has slowed, but not stopped, the bleeding ...

GQG makes official bid for PAC

CHLOE WALKER  |  THURSDAY, 2 NOV 2023
... been the subject of an initial buyout offer of $388 million by Regal Funds Management (Regal) and major shareholder River Capital in July. This offer was swiftly followed by GQG, which said it would better Regal's deal despite not formally submitting ...

Regal dumps bid for Pacific Current Group

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2023
... 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 indicative offer (NBIO) to acquire all shares in Pacific Current Group; together, the two already ...

Pacific Current Group buys into fund manager

CHLOE WALKER  |  WEDNESDAY, 20 SEP 2023
... is currently the target of its own acquisition deal, with GQG Partners (GQG) and Regal Partners (Regal) alongside River Capital having made competitive bids to acquire it in late July. Already, Regal is a 12% shareholder on PAC's register and River ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... underlying portfolio companies and management team." In competition with GQG, Regal Partners has teamed up with River Capital to table a $388 million buyout offer for PAC at $10.77 per share. Notably, Regal owns 12% of PAC, while River Capital is the ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... relationship," Carver said last month. As previously reported by Financial Standard, Regal Partners, in partnership with River Capital, has also expressed interest in acquiring PAC with a proposed buyout offer of $388 million. Notably, Regal currently ...

Regal chases Pacific Current Group, GQG plans bid

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... is on, as investment giants Regal Partners (Regal) and GQG Partners (GQG) both confirm interest. Partnering with River Capital, Regal proposed to acquire all the issued ordinary shares in PAC at an implied value of $10.77 per share. In total this represents ...

Income Asset Management buys credit fund

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
Sydney-based Income Asset Management Group (IAM) has acquired River Capital Liquid Credit Fund and credit mandate for $72 million. It also divested its 25% stake in Fortlake Asset Management. The River Capital Liquid Credit Fund is a high conviction ...
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