-- Australian funds manager Perpetual Ltd. agreed to a deal with private equity firm KKR & Co. for a sale of its wealth management and corporate trust units for A$2.175 billion .The Sydney-based business, which oversees more than A$200 billion, has entered into a cash deal with the US firm, the company said in a statement Wednesday. The group’s chief executive Rob Adams will retire following the deal’s completion, the company said.
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Private Equity Firm Wealth Management Perpetual Ltd.
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KKR to Buy Two Units in Australia’s Perpetual for $1.4 BillionAustralian funds manager Perpetual Ltd. agreed to a deal with private equity firm KKR & Co. for a sale of its wealth management and corporate trust units for A$2.175 billion ($1.43 billion).
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KKR to Buy Some Perpetual Assets in $990 Million Deal, AFR ReportsKKR & Co. is set to buy Perpetual Ltd.’s name, along with its corporate trust and wealth management businesses, in a deal worth over A$1.5 billion ($990 million), the Australian Financial Review reported, citing unidentified people familiar with the process.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
KKR in Talks With Private Credit Funds to Finance Perpetual BidKKR & Co. has held talks with a number of private credit funds for a debt package of at least A$800 million ($525 million) to support its bid for Perpetual Ltd.’s corporate trust and wealth management units, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
KKR to buy India's Healthium Medtech at $839 million valuation, sources sayExplore stories from Atlantic Canada.
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KKR Taps Asset-Backed Debt to Kick In More Money for Its FundsWith commitments totaling roughly $25 billion, KKR & Co. and its executives lead the private equity industry when it comes to investing in their own funds.
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Devils sign Ryan Schmelzer to two-year, two-way contractThe contract will have an average annual value of $775,000 at the NHL level and $275,000 at the AHL level.
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