Announced
Completed
Financials
Tags
Completed
asset management
Private
Acquisition
Friendly
Majority
Asset Managers and Custodians
United States
Private Equity
Single Bidder
Domestic
Synopsis
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.
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