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Mergers and Acquisitions

M&A

28 June 2021 • By Annie Kane • 1 min read

Westpac sells asset finance arm

The major bank has offloaded another of its specialist businesses to a non-bank lender. Westpac has confirmed that it will sell its motor vehicle ...

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BOQ finalises purchase of ME Bank

The Treasurer has given final approval for Bank of Queensland to own a controlling stake in the industry fund-backed bank. In a statement, BOQ said ...

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“Today we become a new IOOF”: MLC acquisition complete

IOOF has announced that over 400 MLC advisers will join the wealth giant's new expanded advice business following the completion of its acquisition

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Pendal sets sights on US growth

The listed asset manager says it expects funds under management to swell over $130 billion as it kicked off a capital raising to acquire a US-based ...

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Pendal flags $413m US acquisition

Pendal Group is set to double its addressable market in the US, with the acquisition of a value-oriented investment manager for $413 million

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APRA approves ‘transformational’ MLC deal

APRA has approved IOOF’s acquisition of MLC’s NULIS Nominees in a decision that will create one of the largest wealth managers in Australia

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Bidding war rages for Mainstream

SS&C has upped the ante with its bid for investment administration provider Mainstream after rival Apex fired off a $356.2 million offer.  Apex ...

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Macquarie buys US wealth manager

The asset management division of Macquarie Group has secured one of the oldest asset and wealth firms in the US for $2.3 billion. Macquarie Asset ...

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Westpac still searching for wealth exit

Westpac has flagged the sale of its remaining wealth-focused businesses as a key part of its cost-cutting strategy, as the bank’s remediation expenses ...

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Mainstream fields $356.2m takeover offer

Another suitor has popped up to bid for the Aussie fund administrator, upping the stakes by around $50 million. Mainstream confirmed it received an ...

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