(Bloomberg) -- KKR & Co. will buy the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion ($1.43 billion), ending a months-long sale process. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyThe Sydney-based business ha
(Bloomberg) -- KKR & Co. has held talks with a number of private credit funds for a debt package of at least A$800 million ($525 million) to support its bid for Perpetual Ltd.’s corporate trust and wealth management units, according to people familiar with the matter. Most Read from BloombergTesla Soars on Tentative Approval for Driving System in ChinaMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Int
(Bloomberg) -- Perpetual Ltd. confirmed it’s in exclusive talks with KKR & Co. in relation to the potential acquisition of its corporate trust and wealth management businesses, leaving the US private equity giant in pole position for a deal.Most Read from BloombergMusk Leaves China With Tesla Driving Software Hurdles ClearedMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Rebounds Strongly After First Slide Pa