VGI Partners, Regal Funds Management complete merger

Australia's VGI Partners Ltd. has completed its merger with Regal Funds Management Pty. Ltd.

Following the completion, VGI Partners changed its name to Regal Partners Ltd. and is expected to change its ticker on the Australian Securities Exchange to RPL from VGI, according to a release.

Under the proposed merger, VGI acquired 100% of Regal Funds in consideration for the issue of new ordinary shares in VGI to existing Regal shareholders.

Brendan O'Connor assumed the role of CEO and managing director of Regal Partners, while Darren Steinberg and Benjamin Pronk stepped down from the company's board. Robert Luciano also resigned as the company's executive chairman but will continue to serve as chief investment officer for the VGI Partners investment team within the broader group.