KKR Jan 2025 60.000 call
- Reuters
KKR to buy Perpetual's corporate, wealth units for $1.4 billion; CEO Adams to retire
Perpetual also announced the retirement of its CEO and managing director Rob Adams, bringing an end to a months-long strategic review of the company. The deal comes 16 months after Perpetual acquired smaller fund manager Pendal in a deal worth $1.6 billion and is now being demerged with KKR buying the corporate and wealth management units.
- Bloomberg
KKR to Buy Units From Australia’s Perpetual for $1.4 Billion
(Bloomberg) -- KKR & Co. will buy the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion ($1.43 billion), ending a months-long sale process. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyThe Sydney-based business has entered i
- Reuters
UPDATE 3-KKR to buy Perpetual's corporate, wealth units for $1.4 bln; CEO Adams to retire
Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm's shares to a five-month low. Perpetual also announced the retirement of its CEO and managing director Rob Adams, bringing an end to a months-long strategic review of the company. The deal comes 16 months after Perpetual acquired smaller fund manager Pendal in a deal worth $1.6 billion and is now being demerged with KKR buying the corporate and wealth management units.
