Perpetual, KKR

Australia’s Perpetual Ends Talks With KKR Over $1.39B Asset Sale
Australia’s Perpetual ended talks with KKR about a potential asset sale to the U.S. buyout firm, and will instead look to hold onto its corporate trust unit.
Australia’s Perpetual turns down KKR’s takeover bid
Australia-based Perpetual has terminated its “Scheme of Arrangement”” with KKR, following the Independent Expert's Report which concluded that the scheme is not in the best interests of shareholders.
Perpetual kills off plan to sell trust and wealth unit to KKR
The 139-year-old conglomerate had proposed the sale to the private equity giant more than a year ago. It will try to sell wealth management separately.
Australia's Perpetual ends talks with KKR on $1.4 billion sale of wealth, trust units
Australia's Perpetual Ltd has terminated talks with KKR for the A$2.2 billion ($1.4 billion) sale of its wealth management and corporate trust units and said it would pursue a sale of its wealth management business separately.
Perpetual to pursue wealth management sale, rejects KKR deal
Perpetual had been considering another offer from KKR to buy its wealth management and corporate trust businesses after a deal last year was scuppered by an unexpected tax ruling. The deal activity comes amid a renewed focus from overseas investors in Australia’s wealth sector, with Insignia Financial fielding a trio of takeover bids.
Perpetual Ends Talks with KKR, Pursues Wealth Management Sale Separately
Australian fund manager Perpetual Ltd has officially ended discussions with private equity giant KKR regarding the sale of its wealth management and corporate trust units. The company cited shareholder interests as
Perpetual secures revised offer from KKR for wealth and corporate trust units
Negotiations on the financial details of the updated proposal are ongoing, with shareholder profits still to be finalised.
KKR to rue the day it missed out on 139-year-old Australian asset
The reality is Perpetual and KKR’s deal died on December 9, when the Australian Taxation Office refused to grant it rollover ...
No Deal: Perpetual shares slide as KKR offer terminated
Perpetual shares have dropped from the open today as the company's potential deal with KKR is called off. Let's dive in.
Financial Standard14h
Perpetual calls off KKR deal
Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it.
Independent Financial Adviser16h
Perpetual terminates KKR deal, prioritises shareholders
Perpetual has terminated its scheme of arrangement with KKR after an independent expert report concluded the deal is not in ...
Perpetual walks away from KKR deal
Perpetual has walked away from its $2.2bn break-up deal with KKR after rejecting the private equity giant’s last-ditch offer ...