Perpetual completed the acquisition of Barrow Hanley Mewhinney & Strauss from BrightSphere Investment Group for $319m.

Perpetual, a diversified financial services company, completed the acquisition of Barrow Hanley Mewhinney & Strauss, a provider of investment management services, from BrightSphere Investment Group, an American holding company, for $319m. "This is a compelling acquisition. It provides Perpetual with world-class investment teams, diversifies our client base by sector and geography, and presents us with significant growth opportunities in the Australian market and a formidable platform to scale our business internationally," Rob Adams, Perpetual CEO and Managing Director.