Perpetual Wealth Management business sold to Bain Capital Private Equity for A$500 million
March 16, 2026
Perpetual has entered into a binding agreement to sell its Wealth Management business (the Perpetual Wealth Management Group) to Bain Capital Private Equity. The deal values the business at A$500 million upfront, with additional contingent payments based on performance, including an earnout of up to A$50 million.
- Buyers
- Bain Capital Private Equity
- Targets
- Perpetual Wealth Management Group
- Sellers
- Perpetual
- Industry
- Financial Services
- Location
- Australia
- Transaction Type
- Buyout
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