Regal Partners buys investment manager PM Capital, funds managed jump to $6.9 bln

Regal Partners

02/11/2023 23:06

Nov 3 (Reuters) - Australian investment manager Regal
Partners  RPL.AX  said on Friday it has agreed to buy premier
financial service provider PM Capital Ltd, which would take its
total funds under management to A$10.8 billion ($6.94 billion)
on a pro-forma basis.
    The announcement comes just two days after Regal announced
the acquisition of financing solutions provider Taurus SM
Holdings, which adds around A$2.3 billion to its funds managed,
which stood at A$5.76 billion as at September-end.


($1 = 1.5552 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Shailesh
Kuber)
 ((Roshan.Thomas@thomsonreuters.com;))