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Hot Topic Budget 25
Hot Topic Budget 25
Australia
2 mins to read

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
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Perpetual to be broken up and acquired by KKR in A$2.2b deal
Australia,
103968
true