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.
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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