Announced
Financials
Sources
Tags
Majority
Public
Asset Managers and Custodians
funds
investment management company
Australia
Domestic
Acquisition
Single Bidder
Private Equity
Pending
Friendly
Synopsis
Perpetual, an Australian investment fund and trustee group, offered to acquire Pendal, an independent global investment management business, for $1.8bn. The Board of Pendal has commenced an assessment of the Indicative Proposal, considering the value of Pendal on a strategic and control basis. The Board is also carefully assessing the outlook for Perpetual and the proposed combined group given the significant scrip component of the proposed consideration.
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