KKR acquires Perpetual Ltd.'s corporate trust and wealth management businesses for A$1.5bn.

KKR & Co. is set to buy Perpetual Ltd.'s name and its corporate trust and wealth management businesses for over A$1.5bn ($990m), according to the Australian Financial Review. Perpetual will continue as a pure-play funds management business under a new name, using the sale proceeds to pay debt and tax, with some capital potentially returned to shareholders. Perpetual and KKR declined to comment.

May 07, 2024
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