Australia GP stakes investor Pacific Current gets buyout offer
Pacific Current Group, a listed Australian asset manager that takes economic interests in third-party investment managers, has become the subject of a bidding war between two industry peers.
Regal Partners, a listed alternatives manager with approximately AUD 5.8bn (USD 3.9bn) in funds under management, moved first. It submitted an offer at an implied value of AUD 10.77 per share, or a market...
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