Bain Capital and CC Capital granted Insignia Financial exclusivity extension

Insignia Financial has prolonged the exclusivity interval for personal fairness bidders Bain Capital and CC Capital Partners by 4 weeks as each companies proceed to work on a proposed acquisition of the Australian wealth supervisor, in response to a report by Reuters.

The ASX-listed firm confirmed the extension on Thursday, stating that the transfer follows formal requests from each suitors in search of extra time to finalise their presents.

The extension provides momentum to the continued takeover discussions, which started in earnest in March when Insignia granted each Bain and CC Capital entry to its books after they raised their competing bids to AUD3.34bn ($2.13bn).

Bain Capital is already well-known within the Australian market following its high-profile acquisition of Virgin Australia out of administration. Meanwhile, CC Capital, primarily based in New York, is seeking to increase its international portfolio with a strategic transfer into Australia’s fast-growing wealth administration area.

News of the exclusivity extension helped raise Insignia’s shares by 3.9% to AUD3.73 in early Thursday buying and selling, outperforming the broader ASX 200 index, which edged up simply 0.1%.

The course of stays ongoing although, and no deal is assured.

Vinyl

through Private Equity Wire https://ift.tt/oPEeTCu

April 17, 2025 at 10:17AM