Allens guides Pacific Equity Partners on investment in NZ wealth management business
PEP will acquire a 35% stake in the business established by NAB and Jarden
Source: thelawyermag.com
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NAB, Jarden to launch NZ wealth business
National Australia Bank (NAB) and Jarden Wealth (Jarden) will combine their New Zealand wealth advice and asset management businesses into a newly formed entity, FirstCape.
Source: financialstandard.com.au
FirstCape: New investment entity will manage $44b worth of funds
The shake-up in the investment management sector continues with a second big merger in a week.
Source: rnz.co.nz
NAB enters NZ wealth management deal
National Australia Bank has announced two of its New Zealand-based subsidiaries will combine with Jarden Wealth to create a new wealth management entity with 113 financial advisers.
Source: moneymanagement.com.au
NAB and Jarden merge wealth, asset business in New Zealand
NAB owns 45% stake in the new entity called FirstCape, Jarden holds 20% and the balance 35% is held by Australian private equity firm Pacific Equity P...
Source: asiaasset.com