Equity Trustees had Barrenjoey and Ord Minnett rounding up investors to fund its purchase of Australian Executor Trustees corporate trustee business off Insignia Financial.
Fund managers were still waiting for terms on Friday morning, but analysts reckon AET is worth around the $150 million mark.which Deutsche was hired to sell on behalf of Insignia.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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