Go to deals
Financial Services

Powerwrap has been acquired via an off-market takeover by Praemium

Powerwrap Limited (ASX:PWL) has been acquired via an off-market takeover by Praemium Limited (ASX:PPS). The merger will create one of Australia’s largest independent specialist platform providers, with combined funds under administration of over US$20 billion. The transaction provides Powerwrap’s shareholders with greater liquidity and marketability through exposure to a company with a target market capitalization and benefits from a valuation re-rate.

Powerwrap is one of Australia’s leading wealth management platforms, offering a comprehensive suite of investment, administration and shared services to high-net-worth investors.

Praemium is a global leader in the provision of integrated managed accounts platform technology, investments and financial planning solutions.

Oaklins’ team in Australia acted as the sell-side advisor to Powerwrap, supporting the board through the entire sale process, from the initial strategic review and takeover defense, through to the board reaching unanimous support for Praemium’s offer and full divestment.

Service
M&A sell-side
Parties
“The Powerwrap board engaged the Oaklins team after receiving a takeover approach. We were pleased with their advice on the potential transaction. They understood the opportunity and how to get the transaction done in a way that created value for all involved. Thank you to the whole team for your judgement, commerciality and pragmatic approach which helped achieve a great outcome.”

Anthony Wamsteker

Chairman, Powerwrap Limited

Talk to the deal team

 Scott  McInnes

Scott McInnes

Managing Director
Melbourne, Australia
Oaklins Henslow
 Justin  Lewis

Justin Lewis

Managing Director
Melbourne, Australia
Oaklins Henslow

Related deals

SulAmérica and Rede D’Or São Luiz have announced a combination
Financial Services | Healthcare

SulAmérica and Rede D’Or São Luiz have announced a combination

SulAmérica (B3:SULA11), a leading insurance company in Brazil, has announced a combination with Rede D’Or São Luiz S.A. (B3:RDOR3), the largest Brazilian hospital network. The companies had a combined market value of approximately US$21 billion on 18 February 2022.

Learn more
Change Financial (ASX:CCA) has raised US$4 million
Financial Services

Change Financial (ASX:CCA) has raised US$4 million

Change Financial has completed a capital raise to help accelerate product enhancement, repay its debt, provide working capital and cover the costs of the offer.

Learn more
Frenkel Topping has completed the placing of new shares
Financial Services

Frenkel Topping has completed the placing of new shares

Frenkel Topping has raised funds to continue consolidating the highly fragmented professional services marketplace in this niche sector.

Learn more