The two firms have entered a partnership where Warakirri will provide small-cap specialist Flinders with capital to support expansion and services including administration, marketing and distribution.
It has an aim to provide a platform to grow the Flinders business.
Warakirri managing director Jim McKay commented: “We are excited to announce this partnership as we build out our multi-boutique platform and importantly it provides Warakirri with a complimentary investment offering and diverse client base.
“Our investment will ensure Flinders’ ongoing success and importantly enable the investment team to continue to focus on delivering [top-quartile] returns for small-cap investors.”
Flinders portfolio manager Andrew Mouchacca said: “We are excited about our new partnership which provides us with a stable and solid foundation for our clients and together with the experience and successful track record of both teams, delivers a platform for success into the future.”
Berkshire Global Advisors has served as an investment banking adviser to Warakirri on the transaction.
Sarah Simpkins
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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