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

During the acquisition of PERPETUAL WEALTH MANAGEMENT by BAIN CAPITAL in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b AUD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 14.0x, providing a valuable benchmark for this transaction.

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. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 14.0x. Join our community for free to access full valuation data and industry trends.

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. Register for free to access the full transaction report and exact valuation multiples.

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. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

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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Home Database Financial ServicesPERPETUAL WEALTH MANAGEMENT

03/2026

PERPETUAL WEALTH MANAGEMENT

Acquired by

BAIN CAPITAL

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

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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Financial Services sector (14.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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.

Ent. Value

Equity Value

Multiples Analysis

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (AUD)

Year

Rev

EBITDA

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2025

2024

Other operations with PERPETUAL WEALTH MANAGEMENT

REFERENCES

Valuation range: EV 500M - 1.5b AUD

Revenue range: 150M - 250M AUD

EBITDA range: 50M - 100M AUD

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: bain capital