Fund M&A
Funds Involved
Type
Description & Outcome
Date Expected/ Completed
Current Status
Corporate acquisition
MIESF members would be transferred into CareSuper.
TBC
In progress
Other M&A
Parties Involved
Type
Description & Outcome
Date Expected/ Completed
Current Status
Corporate acquisition
MUFG Pension and Market services fully acquired Moneysoft.
September 2024
Complete
Corporate acquisition
ISPT now part of IFM. Merged fund, name TBC.
December 2024
Complete
Corporate acquisition
BlackRock acquired GIP in mid-January.
October 2024
Complete
Corporate acquisition
Spaceship name and brand will remain but will be a subsidiary under umbrella of eToro.
November 2024
Complete
Corporate acquisition
Iress has entered into a binding agreement to sell its superannuation business to Apex Group.
Mid 2025
In progress
Merger
The insurers will merge and operate under the new name of Acenda.
Late 2025
In progress
Division and sale of some business units to KKR
Perpetual and KKR progressing in negotiations
TBC
In progress
This article was produced as part of The Quarterly – Q2 FY25
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Key Contributors:
Kevin Fernandez is General Manager, Market Strategy and Propositions at Novigi, and is based in the Melbourne office.
Sophie Coianiz is an analyst in the Market Strategy and Propositions team at Novigi, and is based in the Sydney office.