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Perpetual Limited

PPTTF

Financial ServicesOTCAU

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$12.20

$0.00 (+0.00%)

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Mar 15, 2026, 7:44 PMwsj.comPPTTF

Bain Capital to Acquire Australian Wealth Management Business

Bain Capital will pay more than US$349 million to acquire an Australian wealth-management business from local investment manager Perpetual.

Mar 15, 2026, 5:59 PMreuters.comPPTTF

Perpetual to sell wealth management arm to Bain Capital for $350 million upfront

Profit distribution and paymentsManagement

Australia's Perpetual Limited 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 ($350 million).