Treasury Group completes Northern Lights merger
Boutique funds management organisation, Treasury Group, has completed its merger with US-based Northern Lights Capital Group as previously announced.
In an announcement to the Australian Securities Exchange (ASX) Treasury Group revealed that all approvals required for the transaction to proceed and other conditions had been satisfied, allowing the merger to be completed yesterday.
The new merger trust is owned 61.22 per cent by Treasury Group and 38.78 per cent by Northern Lights, and it holds interests in the portfolio of boutiques which collectively have approximately $50 billion of funds under management as of 30 September.
Following the completion of the merger, Treasury Group said that "focus and attention has now turned to integration of management and operations and the achievement of initial cross-selling, investment and other short-term goals".
Treasury Group also revealed that US$47 million of debt was drawn down by a subsidiary of the merger trust to fund simultaneous completion transactions to acquire additional interests in Seizert Capital Partners and Aether Investment Partners.
AUTHOR
Nicholas O'Donoghue
Recommended for you
Global X has painted a worrying picture for active ETFs in Australia, with investor adoption proving uneven and the popularity of its low-cost index counterparts only growing stronger.
Australian equity ETFs attracted record inflows of $3.2 billion in 1Q25, while heightened volatility led to a decline in flows for global equity ETFs, according to Vanguard.
The failure of a clinical trial by biotech firm Opthea has caused shares in its backer Regal Partners to decline 52 per cent year-to-date and hit its funds under management, quarterly flows show.
GQG Partners has revealed its quarterly flows for the first three months of 2025 were up 5.8 per cent, after a difficult final quarter of 2024 as a result of institutional redemptions.
