Allens has advised investment consultancy JANA on its buyout of Insignia Financial Group’s minority shareholding, which sees JANA become fully management owned.
Under the deal, JANA’s management has acquired Insignia’s 45 per cent shareholding, having acquired a 55 per cent share of the business from MLC Wealth (subsequently acquired by Insignia Financial) in 2017. Allens also advised on the initial majority acquisition.
‘It’s been our privilege to support JANA’s management team on its acquisition of the remaining interest in the business, and to have seen the growth and success of the business since our involvement in the initial management buy-out,’ said joint lead Partner Jessica Choong.
‘The private capital landscape has evolved significantly since JANA’s 2017 buy-out, with private capital becoming an increasingly influential force in our investment markets. We look forward to seeing JANA continue to go from strength to strength in this new era for the business,’ said joint lead Partner Ben O’Hoy.