Announced
Financials
Tags
Australia
Pending
Private Equity
Private
superannuation fund
Majority
Merger
Friendly
Private Equity
Single Bidder
Domestic
Synopsis
QSuper, a superannuation fund, agreed to merge with its peer Sunsuper. The transaction would create fund that has $200bn of assets under management. “This historic agreement will pave the way for the creation of an unquestionably strong superannuation fund with the scale to deliver outstanding services, greater efficiencies and lower costs for members," Don Luke, QSuper Chair and Andrew Fraser, Sunsuper Chair.
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