King and Wood Mallesons (KWM) is pleased to have acted for Insignia Financial in its acquisition by US-based CC Capital.
The transaction implies an equity value of approximately $3.3 billion and follows a months-long competitive process, with competing offers from Bain Capital and Brookfield.
CC Capital will pay A$4.80 per share in cash.
The KWM deal team was led by M&A Partners Peter Stirling and Genovieve Lajeunesse.
Commenting on the deal, Genovieve Lajeunesse said:
“Notwithstanding a period of significant market volatility, we are starting to see an uptick in M&A activity. This deal continues a trend of private capital investment in the wealth management space — a sector rich with growth and diversification opportunities.”
