Powerwrap has been acquired via an off-market takeover by Praemium
Powerwrap Limited (ASX:PWL) has been acquired via an off-market takeover by Praemium Limited (ASX:PPS). The merger will create one of Australia’s largest independent specialist platform providers, with combined funds under administration of over US$20 billion. The transaction provides Powerwrap’s shareholders with greater liquidity and marketability through exposure to a company with a target market capitalization and benefits from a valuation re-rate.
Powerwrap is one of Australia’s leading wealth management platforms, offering a comprehensive suite of investment, administration and shared services to high-net-worth investors.
Praemium is a global leader in the provision of integrated managed accounts platform technology, investments and financial planning solutions.
Oaklins’ team in Australia acted as the sell-side advisor to Powerwrap, supporting the board through the entire sale process, from the initial strategic review and takeover defense, through to the board reaching unanimous support for Praemium’s offer and full divestment.
Anthony Wamsteker
Chairman, Powerwrap Limited
Prata med transaktionsteamet
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