At what enterprise value was PERPETUAL WEALTH MANAGEMENT acquired in 2026?

During the acquisition of PERPETUAL WEALTH MANAGEMENT by BAIN CAPITAL in 2026, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b AUD.

What was the EV/EBITDA of PERPETUAL WEALTH MANAGEMENT when it was acquired by BAIN CAPITAL?

The estimated EV/EBITDA multiple for PERPETUAL WEALTH MANAGEMENT is in the range of 5x - 12x.

When was PERPETUAL WEALTH MANAGEMENT acquired by BAIN CAPITAL?

PERPETUAL WEALTH MANAGEMENT was acquired by BAIN CAPITAL in 2026.

What was the revenue of PERPETUAL WEALTH MANAGEMENT at the time of the deal?

The revenue of PERPETUAL WEALTH MANAGEMENT at the time of the deal is estimated to be in the range of 150M - 250M AUD.

What was the EBITDA of PERPETUAL WEALTH MANAGEMENT during the acquisition?

PERPETUAL WEALTH MANAGEMENT's EBITDA is estimated to be in the range of 50M - 100M AUD.

How is the data for the PERPETUAL WEALTH MANAGEMENT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PERPETUAL WEALTH MANAGEMENT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.baincapital.com/news/bain-capital-acquire-perpetual-wealth-management

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03/2026

PERPETUAL WEALTH MANAGEMENT acquired by BAIN CAPITAL

AUSTRALIA Wealth & Asset Management EV 500M - 1.5b AUD

Context

Bain Capital has agreed to acquire the wealth management division of the ASX-listed Perpetual Group. The deal structure includes potential performance-linked adjustments before completion and an additional AU$50 million earn-out tied to post-closing performance. The strategic rationale for the carve-out is to allow Perpetual Group to simplify its corporate structure and focus on its core asset management and corporate trust businesses. Under Bain Capital’s ownership, the business will be led by Executive Chair Geoff Lloyd (former Perpetual Group CEO). The new owners plan to invest heavily in technology and systems to modernize the platform, while pursuing a consolidation strategy in the fragmented Australian wealth management sector.

PERPETUAL WEALTH MANAGEMENT, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.5x).

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Target

Founded over 135 years ago, Perpetual Wealth Management is a premier Australian financial advisory and trustee services provider. Its business model focuses on high-net-worth (HNW) individuals, not-for-profits, and private businesses, operating through a portfolio of specialized brands including Perpetual Private, Fordham, Jacaranda Financial Planning, and Priority Life. The company’s value proposition is built on deep client relationships and a significant base of non-discretionary trust funds, providing a defensive and stable revenue stream. Strategically, the firm manages AU$21.9 billion in Funds under Advice (FUA) as of late 2025. By providing comprehensive wealth engineering, tax advisory, and intergenerational transfer services, it maintains a dominant position in the highly regulated Australian financial advice landscape.

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2024

Similar deals in Wealth & Asset Management

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2026	INVESTCORP	Berger Financial Group	UNITED STATES	Wealth & Asset Management
06/2026	BRIDGEPOINT	Kayne Anderson Real Estate	UNITED STATES	Wealth & Asset Management
03/2026	COLBERT GROUPE	IDP STRATÉGIE	FRANCE	Wealth & Asset Management
02/2026	NATWEST GROUP	EVELYN PARTNERS	UNITED KINGDOM	Wealth & Asset Management
01/2026	Deutsche Börse Group	Allfunds Group	SPAIN	Wealth & Asset Management
01/2026	LA CARAC	CEDRUS & PARTNERS	FRANCE	Wealth & Asset Management
12/2025	IK PARTNERS	RHETORES	FRANCE	Wealth & Asset Management
11/2025	PERMIRA	JTC	UNITED KINGDOM	Wealth & Asset Management
11/2025	LA FRANCE MUTUALISTE / MALAKOFF HUMANIS	UNOFI	FRANCE	Wealth & Asset Management
10/2025	PAI PARTNERS	CYRUS	FRANCE	Wealth & Asset Management

REFERENCES

Valuation range: EV 500M - 1.5b AUD

Revenue range: 150M - 250M AUD

EBITDA range: 50M - 100M AUD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PERPETUAL WEALTH MANAGEMENT by BAIN CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: bain capital