Perpetual to sell wealth management arm to Bain Capital for $350 million upfront
15/03/2026 21:42
March 16 (Reuters) - Australia's Perpetual Limited PPT.AX 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 ($349.50 million). ($1 = 1.4306 Australian dollars) (Reporting by Roshan Thomas in Bengaluru; editing by Diane Craft) ((Roshan.Thomas@thomsonreuters.com;))
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