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New Deal


Announced

TA Associates-backed Fisher Funds to acquire Kiwi Wealth from Kiwi Group for $200m.

Financials

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Transaction ValueÂŁ164m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Asset Managers and Custodians

New Zealand

Domestic

Pending

Acquisition

Friendly

Private Equity

Single Bidder

Majority

Private

investment management

Synopsis

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TA Associates-backed Fisher Funds, an investment manager, agreed to acquire Kiwi Wealth, an investment services provider, from Kiwi Group, a holding company, for $200m. "Kiwi Wealth's more than 270,000 members will be gaining access to Fisher Funds’ award-winning advice and active investment team," Dame Paula, Kiwi Group Chair.

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