The deal, which closed on Friday, will see Mercury take a 60 per cent interest in Fyfe which has been around since the 1980s.
Mercury Capital is in dealmaking mode. Street Talk understands Clark Perkins’ private equity shop has inked two acquisitions this month, closing out its pursuit of KKR-backed accounting and advisory firm Findex Group and professional services firm Fyfe.Sources said Mercury has acquired a 40 per cent stake in Findex Group from KKR in a deal set to be announced on Wednesday.
Macquarie Capital, which was called in by KKR in 2021 to find a buyer for its stake, advised Findex on the transaction. Findex was founded more than 30 years ago by brothers Spiro and Terry Paule. The Melbourne-based company, which counts former Prime Minister Malcolm Turnbull as a non-executive director, is Australia’s fifth-biggest accounting firm with $17 billion in funds under advice and 3000-plus staff.
Mercury Capital secured exclusive status on the asset late last year and was understood to be working through final due diligence,It’s the second deal this year for Mercury Capital’s $1 billion Fund 4 which snapped up a majority stake in professional services firm Fyfe on Friday. Mercury will take a 60 per cent interest in the 470-person company which has been around since the 1980s and provides engineering, environment, planning and survey consulting services.
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