Berkshire Global Advisors acted as Financial Advisor to Ironbark Asset Management
Seller Details:
Invest Blue is a holistic financial advice and wealth solutions business. Founded in 1996, they have a long history of serving over 60,000 clients in regional and suburban areas across Australia.
Buyer Details:
Since Ironbark was founded in May 2009, they have become a recognized provider of investment solutions for retail, wholesale, and institutional clients across Australia. With offices in Sydney and Melbourne, Ironbark has over $50bn funds under management, trusteeship, and advice, as at 30 June 2023.
Transaction Summary:
Upon completion, the merged Ironbark and Invest Blue will create one of Australia’s largest diversified financial services company with approximately $64 billion in funds under management, trusteeship, and advice (as at 30 June 2023). It will have more than 500 employees, and offices in over 35 locations around Australia.