May 8, 2024, 2:28 AM
May 7, 2024, 9:10 AM
Perpetual's Wealth Management and Corporate Trust Units Sold to KKR for $1.4 Billion
- Australian funds manager Perpetual Ltd. has agreed to sell its wealth management and corporate trust units to private equity firm KKR & Co. for $1.4 billion.
- This deal marks the biggest overhaul in Perpetual's 138-year-old history.
- KKR will acquire the name of the fund manager as part of the transaction.
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