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Mergers and Acquisitions

M&A

03 February 2020 • By Sarah Simpkins • 1 min read

IOOF completes OnePath deal, indicates profit to plummet

IOOF has signalled its expected profit for the first half of FY20 will plunge by almost 40 per cent year-on-year, following the wealth giant ...

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Perpetual buys ESG specialist, eyes US expansion

Perpetual is set to purchase Boston-based ESG investment firm Trillium Asset Management for $54 million, with plans to establish a US distribution arm

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DWS snaps up Canberra hotel for European fund

DWS has acquired The Sebel Hotel in Canberra in an off-market transaction on behalf of one of its major European real estate investment funds from the ...

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Visa spends big on payments start-up

Visa is set to pay billions for a start-up with access to a network of America’s biggest fintech apps. Visa will acquire Plaid, a start-up that ...

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Iress nabs blockchain platform

Iress has acquired blockchain communication platform firm BC Gateways, with plans to expand the data sharing technology across the wealth sector

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Industry super merger to create $23bn fund

Two industry super funds have revealed plans to merge next year in a move that will create a single fund with 335,000 members and $23 billion in funds ...

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Moelis snaps up Byron Bay hotel for $100m

The fund manager will take ownership of the iconic Beach Hotel in Byron Bay, which will sit within its own single asset investment fund

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‘Inappropriate time’ to sell MLC, says NAB boss

NAB chief executive Philip Chronican has hinted at a potential ASX listing for MLC but said now is not the right time to off-load the wealth business

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Financial services M&A deals hit $8bn in September

Total financial services industry deals for September 2019 worth $8.01 billion were announced globally, according to GlobalData’s deals ...

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IFM Investors buys US petroleum firm for $10bn

Industry super fund-owned IFM Investors has completed a $10 billion purchase of US petroleum distributor Buckeye Partners, in what has been labelled ...

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