GQG Partners and Regal Partners are bidding to acquire Pacific Current Group for AUD567m.

GQG Partners, an investment boutique that manages global and emerging market equities, and Regal Partners, an ASX-listed alternatives investment manager, are bidding to acquire Pacific Current Group, a multi-boutique asset management firm, for up to AUD567m. Pacific, which serially invests in growing asset managers locally, has been the target of a bidding war between Regal Partners and GQG, with shareholder River Capital lobbying for Regal.