Business
Perpetual goes on US shopping spree to buy earnings growth – Sydney Morning Herald
The acquisition by one challenged value funds manager of another challenged value funds manager looks like doubling down on a business with structural problems.
But it seems the potential for product distribution is the reason Adams is so excited about the deal. Barrow Hanley has been lacking expertise in this area where Perpetual has beefed up its bench strength in international and US distribution over the past six months – a move it seems to have made in anticipation of an offshore acquisition.
Its fair to assume the growth in earnings would surely be in the bag for the first year post-acquisition but how that pans out over the longer term is diffic…
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