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Mergers and Acquisitions

16 May 2024 • By Rhea Nath • 1 min read

Active Super, Vision Super confirm merger date

The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity. Vision Super and Active ...

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Perpetual broken up following strategic review, CEO to retire

Perpetual is to become solely focused on asset management and chief executive Rob Adams will retire as the firm announces the outcome of a six-month ...

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Challenger completes banking arm sale to Heartland Group

Heartland Group’s New Zealand banking subsidiary has completed its acquisition of Challenger Bank. Effective 1 May, Challenger Bank will begin ...

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NAB completes strategic move in New Zealand

NAB has announced the completion of the sale of its New Zealand wealth management businesses to FirstCape. National Australia Bank Limited (NAB) ...

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Link shareholders back $1.2bn takeover

The firm has set its sights on approval from the NSW Supreme Court after shareholders have given the green light on its proposed acquisition

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Consumer watchdog given M&A oversight powers under sweeping reforms

All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday

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KKR sheds 40% stake in Findex

A private equity firm will acquire KKR’s 40 per cent stake in Findex as the wealth management and advisory firm seeks to triple in size in the next ...

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‘Big win’ for Queensland: ANZ’s acquisition of Suncorp greenlit by tribunal

A tribunal has ruled on whether ANZ can proceed with its $4.9 billion plan to take over Suncorp Bank. The Australian Competition Tribunal quashed ...

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WAM Leaders pursues off-market takeover following rejection

The Wilson Asset Management-owned investment firm has confirmed its intention to acquire listed company QV Equities, after the latter rejected its ...

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Major moves in the M&A arena

A number of significant mergers and acquisitions have taken place during the past year, while others have fallen flat or are still pending

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