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New Deal


Announced

Fortnum and AZ NGA to acquire financial advice business of Australian Unity.

Financials

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

Sources

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Australia

Single Bidder

Friendly

Diversified Financials

Domestic

Majority

Private

financial advisory

Acquisition

Pending

Synopsis

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Fortnum, an Australian financial services provider, and AZ NGA, an advisory firm, agreed to acquire financial advice business of Australian Unity, an Australian mutual company. Financial terms were not disclosed. Concurrently, Fortnum will purchase Australian Unity’s financial advice AFSL holder Australian Unity Personal Financial Services and continue to provide licensing and business support to PFS’s 150 self-employed advisers.

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