Seller Details:
Bennelong Funds Management Group (“Bennelong”) is a leading Investment and Funds management business with commercial and philanthropic interests in Australia, UK and ME. With $15 billion in AUM and owned by Bangarra Group, Bennelong’s roster of investment affiliates includes Quay Global Investors and Bennelong Australian Equity Partners.
Buyer Details:
Antipodes Partners (“Antipodes”), a performance-driven global investment firm, manages more than $21 billion across five independent investment teams operating under the Antipodes and Maple-Brown Abbott brands. Its strategies span global and emerging market equities, global credit, global listed infrastructure, Australian value equities and Australian small companies. Antipodes has grown into a multi-specialist investment platform comprising five independent investment teams focused on global equities, global credit, global listed infrastructure*, Australian value equities and Australian small companies.
*The Maple-Brown Abbott Global Listed Infrastructure investment team owns a majority interest in Maple-Brown Abbott Global Infrastructure Pty Ltd, an affiliate of the Antipodes Group.
Transaction Summary:
Under the terms of the transaction, Bennelong has agreed to be acquired by Antipodes. The Bennelong investment affiliates joining the Antipodes Group will retain investment autonomy, with no changes to their investment personnel, philosophies or strategies as a result of the transaction.