Page 9 - Pacific Current News Today

GQG has emerged as the superior offer in a bid to acquire Pacific Current Group with a non-binding indicative offer of $11 per share but is yet to achieve the support of its largest shareholder.

The funds management group says GQG offered $11 per share, but was unable to convince its largest shareholder, which had lobbed its own bid with Regal Partners.

Regal Partners has finally landed a deal, taking a 50 per cent stake in Taurus Funds Management that it says will spread its alternative asset bets.

Regal Partners has confirmed in an ASX statement that it is in discussion to potentially acquire PM Capital, a month after the firm pulled its bid to acquire Pacific Current Group.

PACIFIC CURRENT GROUP LIMITED Notice of 2023 Annual General Meeting Pacific Current Group...

Pacific Current Group owns stakes in 15 boutique asset managers or placement agents and has a market cap of $522 million.

GQG Partners’ funds under management have marginally declined to US$105.8 billion at the end of 2023’s third quarter, compared to US$107.4 billion the previous month.

PAC owns stakes in 15 boutique asset managers or placement agents and has a market cap of $522 million.

/PRNewswire/ -- Today marks a pivotal day for Avante Capital Partners ("Avante"), a woman- and minority-owned private credit firm with a unique team and proven...

The trade was done at $10.10 a share, which was the same as Pacific Current’s closing share price. It was worth $22 million.