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New Deal


Announced

Equity Trustees to acquire Australian Executor Trustees for A$135m

Financials

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Transaction Value£78m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

Friendly

Australia

Domestic

Financial Data and Systems

Single Bidder

shareholder/ trustee services

Majority

Private

Synopsis

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Equity Trustees, a provider of in-house asset management services, agreed to acquire Australian Executor Trustees, a non-government provider of professional trustee services, for A$135m ($93m). “AET is a strong strategic fit with Equity Trustees. The business is highly complementary and provides geographic diversity, establishing a presence in Adelaide and significantly increasing our presence in Western Australia, as well as expanding our presence in Queensland and New South Wales," Mick O’Brien, EQT Managing Director.

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