Regal Partners (ASX:RPL) has announced that it will not proceed with the acquisition of Platinum Asset Management Limited. This decision follows a thorough due diligence process on a previously submitted non-binding indicative proposal. Regal Partners remains committed to its strategic growth plans.
Regal Partners Limited has opted not to follow through with its proposed acquisition of Platinum Asset Management Limited after conducting due diligence. The company initially showed interest in acquiring all issued ordinary shares of Platinum through a confidential and non-binding proposal. Despite this decision, Regal Partners continues to focus on its growth strategy, which includes exploring both organic and inorganic opportunities. As a leading alternative investment manager with approximately $17.2 billion in funds under management, Regal Partners aims to strengthen its market position in Australia and Asia. The company, formed from a merger in 2022, manages various investment strategies and is committed to its strategic growth objectives.
The decision not to proceed with the acquisition is aligned with our commitment to explore the best strategic options for our growth. We are focused on enhancing our position as a leading provider of alternative investment strategies in Australia and Asia.