Warakirri AM buys 50% in Flinders Investment
Warakirri Asset Management has announced it has entered a strategic partnership with Flinders Investment Partners which will see it acquire 50% of Flinders and provide capital to support its further growth through its suite of services such as administration, marketing and distribution.
Flinders was set up in 2015 and was a small companies specialist manager, responsible for the Flinders Emerging Companies fund. The investment team include Andrew Mouchacca, Richard Macdougall and Naheed Rahman.
“We are excited to announce this partnership as we build out our multi boutique platform and importantly it provides Warakirri with a complimentary investment offering and diverse client base,” Jim McKay, Warakirri managing director, said.
“Our investment will ensure Flinders’ ongoing success and importantly enable the investment team to continue to focus on delivering top quartile returns for small cap investors.”
Berkshire Global Advisors served as investment banking advisor to Warakirri on this transaction.
AUTHOR
Oksana Patron
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.
