Allens has advised leading global investment firm Bain Capital on its acquisition of Perpetual Limited's financial advice, wealth management and traditional trustee businesses.
The transaction represents a significant investment in a leading Australian wealth platform and required the carve-out of a large and highly integrated business from the broader Perpetual group.
'This transaction reflects Bain Capital's strong track record of investing in and growing businesses in Australia. We are proud to support Bain Capital as it continues to invest in and build high-quality businesses in the Australian market,' said co-lead partner Noah Obradovic.
'This was a highly complex carve-out involving the separation of advice, wealth and trustee operations from the broader Perpetual group,' said co-lead partner Jessica Mottau.
The Allens team advised Bain Capital on all aspects of the transaction, including structuring, financing, separation arrangements, financial services regulatory matters and transitional services.
The team was co-led by partners Noah Obradovic (corporate/M&A), David Couper (financing) and Jessica Mouttau (IT/separation) with support from lawyers across M&A, financial services regulation, tax, employment, intellectual property, technology and competition.
