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Australia
2 mins to read
3

Perpetual to be broken up and acquired by KKR in A$2.2b deal

Private equity firm acquiring the 138-year-old brand’s wealth and corporate trust businesses, leaving asset management side without a name.

KKR’s other Australia investments include MYOB, Laser Clinics Australia, and Colonial First State.

Dan Purves Wed, 08 May 2024

The board of ASX-listed financial powerhouse Perpetual is recommending shareholders accept an offer by private equity firm Kohlberg Kravis Roberts & Co (KKR) for it to be split up into three separate businesses: a standalone, global multi-boutique asset management business; a wealth management

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Dan Purves Wed, 08 May 2024
Contact the Writer: dpurves@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Price
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Turnover
Movement
Volume
Avg Daily Volume
Daily High
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52 Week High
52 Week Low
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Investment

BHP’s A$60b merger may kick off sector-wide M&A drive

Australia

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Investment

Kiwi Steelmasters acquired by ASX-listed Coventry for A$42m
Investment

Boral flips on Seven’s takeover offer
Australia

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Perpetual to be broken up and acquired by KKR in A$2.2b deal
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