Navigator Global to acquire minority stakes in six alternative asset managers from Dyal Capital for £83m.

Navigator Global, an Australian holding company, agreed to acquire minority stakes in Bardin Hill Investment Partners, Capstone Investment Advisors, CFM, MKP Capital Management, Pinnacle Asset Management and Waterfall Asset Management, six alternative asset managers, from Dyal Capital, a private equity firm, for £83m ($111m). “We believe this is a compelling transaction with strong commercial logic. The acquisition is an important development in the evolution of Navigator. We have long targeted high-quality opportunities to grow and diversify our holdings to generate strong long term shareholder returns. We are excited to be invested with these six excellent businesses,” Michael Shepherd, Navigator Chairman.