Link starts due diligence for Carlyle acquisition proposal
Link Group has started due diligence for the non-binding proposal from Carlyle Asia Partners V to acquire Link.
In an announcement to the Australian Securities Exchange (ASX), Link said its board had considered the proposal that was announced on 5 November, 2021, and that the proposal was subject to conditions including due diligence.
“The board considers that it is appropriate to provide Carlyle with due diligence information on a non-exclusive basis so that it can develop a revised proposal that is not subject to further due diligence and may be capable of being recommended to shareholders,” it said.
“The due diligence information will be provided subject to extension of the confidentiality agreement between Link Group and Carlyle, including the standstill.”
On 12 November, 2021, Link received another acquisition offer by Pepper European Servicing Limited to acquire its banking and credit management business.
Recommended for you
Perpetual has appointed a new CEO for affiliate J O Hambro Capital Management, as it tries to stem outflows and refresh the brand.
Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly outflows for 2025 in August.
Domestic equity managers are lagging the ASX 200 in the first half of the year, according to S&P, with almost three-quarters of Australian equity funds underperforming over the six-month period.
ETFs saw almost $5 billion of inflows during August, with international equities gaining double those of fixed income funds, as total assets close in on $300 billion.
