Australia’s Perpetual Limited said on Monday it agreed to sell its wealth management business to private equity firm Bain Capital for an upfront cash payment of A$500 million ($350 million).
The deal also includes a potential additional upfront payment tied to the advice business’ performance before completion, as well as an earn-out of up to A$50 million linked to the performance of its accounting and wealth operations after completion… [2061 chars]
Source: Reuters | Published: 2026-03-15T21:59:10Z
Credit: Reuters
