Business
Barrenjoey Capital’s $10b war chest – The Australian Financial Review
A full service investment bank needs enough capital to underwrite the risk appetite of its clients. This is why Barclays is so critical to Barrenjoey Capital Partners.
As a war for talent heats up, potential employees of Barrenjoey will be offered equity in the business as well as sign on carrots in the form of cash or shares in Magellan Financial Group or both. Magellan shares have more than doubled over the past two years.
Barrenjoey will have an implied valuation of about $400 million, with Magellan having a 40 per cent economic interest and a 4.99 per cent voting interest.
Apart from tipping in $90 million in cash and 1.2 million Magellan shares, Magella…
-
Noosa News22 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Business20 hours agoThis ASX 200 mining stock is eyeing the lithium throne
-
Noosa News18 hours agoDriver arrested after life-threatening hit-and-run on outskirts of Ipswich, Queensland
-
Business18 hours agoThe best ASX shares to buy and forget for 10+ years