Perpetual’s $2.2 billion deal with Kohlberg Kravis Roberts & Co is continuing to make waves in the market.
After an intriguing sell-side call on Wednesday morning where analysts hounded management for details of the deal – which they were unable to produce – attention is turning to whether the deal will get across the finish line.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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FIRB questions linger in Azure Minerals takeoverUBS hedge fund sales trader said delays in takeover receiving necessary Foreign Investment Review Board approvals should give investors cause for concern.
Source: FinancialReview - 🏆 2. / 90 Read more »
Perpetual boss Rob Adams looks for the exit as KKR takes controlLast month we reported that KKR had secured exclusivity, and was working through a range of complexities and ownership of the 138-year-old brand name.
Source: FinancialReview - 🏆 2. / 90 Read more »
Perpetual to be broken up, name sold to KKR in $1.5b dealThe transaction will give the private equity giant the rights to the 138-year-old brand and leave the ASX-listed group as a pure-play funds management business.
Source: FinancialReview - 🏆 2. / 90 Read more »
PPT ASX: Wealth manager Perpetual inches closer to KKR dealThe wealth manager is one step closer to breaking up the business after it confirmed talks with KKR that would leave Perpetual solely with asset management.
Source: FinancialReview - 🏆 2. / 90 Read more »
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-upThe Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team
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Meet the Aussie who will be crucial to KKR’s $1.5trn ambitionKKR has set out some big goals, including more than quadrupling earnings and lifting assets five-fold. A little-known Australian executive will be vital to hitting the targets.
Source: FinancialReview - 🏆 2. / 90 Read more »