Brief: Perpetual Announces Sale Of Wealth Management Business

Perpetual

16/03/2026 24:52

March 16 (Reuters) - Perpetual Ltd PPT.AX:

SALE OF WEALTH MANAGEMENT BUSINESS

TO SELL WEALTH MANAGEMENT BUSINESS TO BAIN CAPITAL PRIVATE EQUITY

DEAL INCLUDES UPFRONT CASH PAYMENT OF A$500 MILLION SUBJECT TO ADJUSTMENTS

CURRENT INTENTION OF PARTIES IS TO COMPLETE TRANSACTION TOWARDS END OF 2026 CALENDAR YEAR

TO LICENSE 'PERPETUAL WEALTH' AND 'PERPETUAL PRIVATE' BRANDS FOR 15 YEARS

Further company coverage: PPT.AX

 ((Reuters.Briefs@thomsonreuters.com;))