trending Market Intelligence /marketintelligence/en/news-insights/trending/v_Ffyye_WGJZT6WuerFVng2 content esgSubNav
In This List

Azimut buys Sterling Planners

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Azimut buys Sterling Planners

Azimut HoldingSpA on April 29 agreed to buy the entire capital of Sydney-basedSterling Planners Pty. Ltd., through its Australian subsidiary

The deal is valued at about A$4.5 million. It involves ashare swap of 49% of Sterling Planners' equity for AZ Next Generation Advisoryshares and a progressive buyback of these shares over the next 10 years. The remaining51% stake will be paid to the founding partners in cash over a two-year period.The acquisition, which is not subject to local authority approval, is expectedto close in May.

Sterling Planners is a financial advisory businessresponsible for about A$182 million of client funds with a team of seven.

The deal is one of several recent AZ Next GenerationAdvisory acquisitions.