GQG Partners attempted acquisition of Pacific Current Group (PAC) has hit a snag as the former s major shareholder River Capital imposes its own conditions and a lower offer price.
Australia s Pacific Current
on Monday said it had received an offer from its biggest
shareholder, River Capital, to acquire 100% shares in the
company for A$541.5 million . River.
Regal Partners is trying to make sure it can survive its founder Phil King and his core long/short equities strengths. It’s making plenty of moves, but they are yet to pay off for shareholders.
PM Capital has agreed to an acquisition by Regal Partners for an upfront consideration of $20 million as founder and chief investment officer, Paul Moore, seeks to focus more on investing activity.