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Mergers and Acquisitions

M&A

03 June 2020 • By Sarah Simpkins • 1 min read

PhillipCapital exits Aus retail advice

The Australian arm of Asian brokerage firm PhillipCapital Group has sold its private wealth business to Sequoia Wealth Management, ending its ...

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Clime secures Madison

Clime Investment Management has signed off on a purchase of a number of brands previously held by embattled fintech Sargon Capital, including advice ...

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Private equity stake to prep CFS for full sale

A major bank’s sale of a majority stake in its super business to a private equity firm is likely to see the business come out leaner and more profit ...

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QIC pilots state bid for Virgin

The Queensland government has indicated it will be bidding for embattled airline Virgin Australia through its state-owned fund manager. The ...

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Investment manager offloads Brisbane shopping centre stake for $285m

An investment manager has sold its 75 per cent interest in a Brisbane shopping centre for $285 million. YFG Shopping Centres has taken full ...

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Accounting, wealth firm acquires advice practice

An Adelaide-based accounting and wealth advisory firm has expanded its private wealth division following the purchase of a financial advice company

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CBA sells majority stake in CFS

CBA has indicated it will be selling a majority stake in its superannuation and investment business Colonial First State (CFS) for $1.7 ...

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Clime in acquisition talks for wealth group

Clime Investment Management has confirmed it is bidding for a wealth manager that was previously held by embattled fintech group Sargon Capital

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AMP cancels NZ wealth sale 

A major bank has dropped plans to divest its New Zealand wealth management business following the COVID-19 economic meltdown.  AMP has confirmed it ...

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IMB Bank completes merger with credit union

IMB Bank has completed its merger with a Newcastle-headquartered credit union, after the prudential regulator gave the deal the green light

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