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0 0.000232504068821158 -0.00127877237851662 -0.000871890258079549 -0.00488258544524531 -0.00122064636131137 0.00174378051615893 -0.0025575447570334
Stock impact report

Perpetual Agrees to Sell Wealth Unit to Bain Capital for A$500 Million [Yahoo! Finance]

KKR & Co. Inc. (KKR) 
Last kkr & co. inc. earnings: 1/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.kkr.com
Company Research Source: Yahoo! Finance
Perpetual ( PPTTF ) has agreed to sell its wealth management unit to Bain Capital for A$500 million ($350 million), a move that could mark a turning point in the Australian fund manager's ongoing restructuring and highlight rising investor interest in the country's rapidly expanding retirement savings sector. The business being sold oversees A$21.9 billion in funds under advice and provides services to high-net-worth clients, private businesses and not-for-profit organizations. The agreement may also include an additional upfront payment depending on the unit's performance before completion, along with a potential earnout of up to A$50 million tied to results during the two years following the sale. Warning! GuruFocus has detected 7 Warning Signs with PPTTF. Is PPTTF fairly valued? Test your thesis with our free DCF calculator. The transaction arrives as global investors increasingly focus on Australia's A$4.5 trillion retirement savings pool, which is currently the world's fou Show less Read more
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