Clime Capital offered to acquire CBG Capital for A$26m.

Clime Capital, an investment company, offered to acquire CBG Capital, an Australian private equity firm for A$26m ($18m). The offer represents a 10.5% premium to CBG's latest stock price. The offer was expected to provide significant benefits to CBG’s shareholders by giving them exposure to higher yielding securities, a reduced pro-forma management expense ration arising from economies of scale, and an increase in liquidity of shares arising from the larger capital and shareholder base, among others.