Fund M&A
Funds Involved
Type
Outcome
Date Expected/ Completed
Current Status
Betashares
Bendigo Super
Corporate acqusition
Fund owned by Betashares, name TBC
September 2024
Complete
TelstraSuper
Equip
Merger
TBC
TBC
In progress
Spirit Super
CareSuper
SFT
Merged fund, name TBC.
November 2024
In progress
Active Super
Vision Super
SFT
Merged fund, name TBC.
March 2025
In progress
Mine Super
TWUSUPER
SFT
Merged fund name Team Super
Early 2025
In progress
Qantas Super
ART
SFT
Merged fund name ART.
TBC
In progress
GigSuper
Liquidation
Cease to exist
24 December 2024
In progress
Future Group
TBC
Corporate acqusition
TBC
TBC
Prospective
Other M&A
Funds Involved
Type
Outcome
Date Expected/ Completed
Current Status
Novigi
360 Managed
Corporate acquisition
360 Managed now part of Novigi
September 2024
Complete
PictureWealth
Superannuation Advice Australia
Financial Advice Australia
Corporate acquisition
SAA and FAA now under umbrella of PictureWealth
September 2024
Complete
Netwealth
Xeppo
Corporate acquisition
Xeppo under umbrella of Netwealth
September 2024
Complete
Australian Ethical
Altius Asset Management Group
Corporate acquisition
Australian Ethical will own this sustainable fixed income asset management business
September 2024
Complete
ANZ
Suncorp
Corporate acquisition
ANZ takeover of Suncorp staff, clients and product.
July 2024
Complete
BlackRock
Global Infrastructure Partners (GIP)
Corporate acquisition
BlackRock acquired GIP in mid-January.
October 2024
In Progress
IFM
ISPT
Merger
ISPT’s ~$20b FUM are likely to underpin new real estate vertical at IFM
TBC
In Progress
eToro
Spaceship
Corporate acquisition
Spaceship name and brand will remain, but will be a subsidiary under umbrella of eToro
TBC
In Progress
Commonwealth Private Advice
TBC
Corporate acquisition
TBC
TBC
Prospective
Perpetual Wealth Management
Division and sale of some business units
TBC. Second round of bids took place in March.
TBC
Prospective
This article was produced as part of The Quarterly – Q1 FY25
For more information about anything you’ve read here, or if you have a more general inquiry, please contact us.
Key Contributors:
Kevin Fernandez is General Manager, Market Strategy and Propositions at Novigi, and is based in the Melbourne office.
Sophie Bowen-James is an analyst in the Market Strategy and Propositions team at Novigi, and is based in the Sydney office.