Swiss private markets giant Partners Group is the primary party stalking Perpetual’s Perpetual Corporate Trust.
Swiss private markets giant Partners Group is the primary party stalking Perpetual’s Perpetual Corporate Trust .
While Partners’ due diligence and offer was months ago, the group is understood to have re-confirmed its interest as recently as last month, sending Perpetual and its bankers back into the market to test other suitors’ appetite.A $1.3 billion cash bid for PCT would represent about 80 per cent of Perpetual’s market value, based on its trading on Wednesday afternoon.
The revelations come as Perpetual and Pendal are in talks about the former’s scrip heavy proposal to put the two together and create an asset manager with more than $200 billion in client funds.Perpetual has been keen to use scrip, making the most of its stronger share price, yet still retain control of the combined entity.
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