Private equity buyer makes play for Bravura

By Reporter
 — 1 minute read

A private equity investor has made a proposal to buy global wealth management software and technology company Bravura Solutions.

In a statement to the Australian Securities Exchange this morning, Bravura announced it had yesterday received an “indicative, non-binding, conditional proposal” from Ironbridge Capital to acquire all the outstanding shares and options in the company.

Under the proposal Ironbridge would offer $0.28 cash per Bravura share, less the amount of any dividend declared by Bravura prior to implementation of the scheme proposal.


Bravura said it previously received an initial unsolicited, non-binding and conditional proposal from Ironbridge on 6 May.

According to Bravura the $0.28 per share offer represents a premium of 65 per cent to the company’s closing price on 27 June of $0.17.

Bravura said it had agreed to offer Ironbridge a period of exclusivity until midnight on 17 July, but there is no certainty the transaction will proceed.

InvestorDaily understands that Ironbridge already has a 60 per cent share in Bravura and the proposal is to acquire the remainder.



Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now. 

Private equity buyer makes play for Bravura
investordaily image
ID logo


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.