Announced
Financials
Tags
Pending
investment management services
Acquisition
equity portfolios
Majority
Private Equity
Single Bidder
Australia
infrastructure advisory
Private Equity
Private
Friendly
Synopsis
CI Financial owned GSFM, a private equity firm is set to acquire a 49% stake in Redpoint Investment Management, a provider of investment management services from National Australia Bank-owned MLC Asset Management. Financial terms were not disclosed. Redpoint uses a quantitative approach to investing in listed asset classes, including Australian and global equities, global infrastructure and global property. “GSFM’s acquisition of a 49% equity stake in the business will allow the Redpoint team to focus on investment management, while also introducing our funds to a wider audience through GSFM’s dedicated, focused and specialist distribution capability.” Max Cappetta, Redpoint CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.