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Announced

GSFM to acquire a 49% stake in Redpoint from MLC.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

investment management services

Acquisition

equity portfolios

Majority

Private Equity

Single Bidder

Australia

infrastructure advisory

Private Equity

Private

Friendly

Synopsis

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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.

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