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Hot Topic Hawke’s Bay
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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Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Professional Services

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Investment

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

Australia

Jarden Australia proves the skeptics wrong with maiden profit
Investment

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

Boral flips on Seven’s takeover offer
Australia

Australia shakes up merger policy to boost competition
General Business

KKR’s latest US$6.4b infrastructure fund has Kiwi bent
Perpetual to be broken up and acquired by KKR in A$2.2b deal
Australia,
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