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Mergers and Acquisitions

M&A

13 May 2020 • By Sarah Simpkins • 1 min read

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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Morningstar acquires Sustainalytics

One of the leading providers of investment research has broadened its push into ESG analysis with a new acquisition. Morningstar has reached an ...

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Wealth group acquires regional planning business

Fiducian Group has moved to acquire a regional advice business and merge two of its Victorian offices, in a transaction that will add $56 million to ...

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IOOF shutters NZ business

IOOF has retired its Kiwi business, with its chief saying the move is part of the group’s greater simplification plan. The group has entered into ...

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Boutique asset manager buys out owner

Boutique asset manager Wheelhouse Investment Partners has taken full ownership of its business, having acquired Bennelong Funds Management’s stake in ...

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Chant West takes Zenith deal to court

Chant West has fired legal action at previously agreed buyer and Zenith subsidiary CW Bidco in the NSW Supreme Court, after the company got cold feet ...

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