Perpetual to Sell Wealth Management Business to Bain Capital.
Perpetual Limited (ASX: PPT) has entered into a binding agreement to sell its Wealth Management division to Bain Capital Private Equity as part of its strategy to simplify operations and focus on core business areas. The transaction includes an upfront payment of AU$500 million at completion, subject to customary adjustments such as regulatory capital and working capital levels. There is also potential for additional upfront consideration based on the performance of the advice business before the deal closes, along with a possible earn-out of up to AU$50 million tied to the future performance of the accounting and wealth operations after completion.
Under the agreement, the buyer will be allowed to use the “Perpetual Wealth” and “Perpetual Private” brands for 15 years, while the main Perpetual brand will remain with the company. Perpetual plans to use the proceeds mainly to reduce debt and support investment in its asset management and corporate trust divisions. The transaction is expected to be completed towards the end of 2026, subject to regulatory approvals and internal restructuring.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Perpetual to Sell Wealth Management Business to Bain Capital.
Perpetual Limited (ASX: PPT) has entered into a binding agreement to sell its Wealth Management division to Bain Capital Private Equity as part of its strategy to simplify operations and focus on core business areas. The transaction includes an upfront payment of AU$500 million at completion, subject to customary adjustments such as regulatory capital and working capital levels. There is also potential for additional upfront consideration based on the performance of the advice business before the deal closes, along with a possible earn-out of up to AU$50 million tied to the future performance of the accounting and wealth operations after completion.
Under the agreement, the buyer will be allowed to use the “Perpetual Wealth” and “Perpetual Private” brands for 15 years, while the main Perpetual brand will remain with the company. Perpetual plans to use the proceeds mainly to reduce debt and support investment in its asset management and corporate trust divisions. The transaction is expected to be completed towards the end of 2026, subject to regulatory approvals and internal restructuring.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au