Update: Insignia Financial grants limited due diligence to CC Capital for A$4.60 per share takeover proposal

Insignia Financial Ltd is reviewing a revised proposal from CC Capital Partners to acquire all its outstanding shares at A$4.60 per share. 

The indicative, non-binding offer represents a premium price, pending adjustments for dividends, and aims to execute the acquisition through a scheme of arrangement.

To assess the proposal’s potential, Insignia’s Board has granted CC Capital limited access to non-public information under strict confidentiality and standstill conditions. This access is designed to explore whether CC Capital can present a more competitive and binding offer. However, Insignia has stated that the revised proposal may not result in a transaction.

Founded in 1846, Insignia provides financial advice, superannuation, wrap platforms, and asset management services to a broad client base. Its willingness to engage reflects a strategic approach to evaluating shareholder value in an evolving market.

Advised by Citigroup, Gresham Advisory Partners, and King & Wood Mallesons, Insignia has assured shareholders it will maintain transparency during the evaluation process. The company is expected to release its 2Q25 Business Update on 23 January 2025 and announce its 1H25 results on 20 February 2025.

This development underscores private equity’s growing interest in established financial institutions like Insignia Financial. A successful deal could signal increased activity in Australia’s wealth management sector, offering enhanced opportunities for growth and innovation.

Read more on the development of this transaction here.

Source: ASX Release

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