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Announced

Fisher Funds to acquire superannuation business from Aon New Zealand.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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New Zealand

Majority

Single Bidder

Friendly

Private

Insurance Brokers

Domestic

Pending

superannuation

Acquisition

insurance

Synopsis

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Fisher Funds, a financial consultant company, agreed to acquire superannuation business from Aon New Zealand, an insurance company. Financial terms are not disclosed. “This is an exciting moment for Fisher Funds and will further strengthen our position as one of New Zealand’s leading active funds management businesses. As a result of this transaction over 21k KiwiSaver and Master Trust members and approximately $1bn will be added to our existing $14.5bn of funds under management. This will build on our strong organic growth and the growth in our clients’ investment balances in recent times," Bruce McLachlan, Fisher Funds CEO.

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