Powered by MOMENTUM MEDIA

Warakirri buys small-cap boutique stake

— 1 minute read

Investment firm Warakirri Asset Management is set to acquire a 50 per cent stake in fellow boutique Flinders Investment Partners.

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.

Advertisement
Advertisement

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.

 

Warakirri buys small-cap boutique stake
investordaily image
ID logo
Sarah Simpkins

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].

related articles

promoted stories

Website Notifications

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