Announced
Completed
Financials
Tags
Acquisition
Australia
Domestic
Friendly
Majority
Single Bidder
Private Equity
Private
financial planning
Financial Data and Systems
Completed
Synopsis
Perpetual, an Australian investment and trustee group, completed the acquisition of Jacaranda, a financial planning company. Financial terms were not disclosed. "In Jacaranda we’ve identified a fast-growing financial planning business with a high quality advice model and culture closely aligned to Perpetual’s, providing Perpetual with an opportunity to help Jacaranda continue to scale efficiently and increase our overall share of the high net worth market on Australia’s eastern seaboard. This transaction is entirely in-line with our strategy of bringing the industry’s best advisers to Perpetual, providing an improved growth profile for both firms," Rob Adams, Perpetual CEO and Managing Director.
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