SYDNEY—Insignia Financial on Monday said Bain Capital has matched a US$1.8 billion takeover offer by CC Capital Partners, intensifying a tussle for control of the Australian wealth manager.
In a statement, Bain Capital said that it intends “to acquire all of the shares in Insignia Financial by way of a scheme of arrangement (Bain Second Revised Indicative Proposal) at a price of A$4.60 ...
Bain Capital has upped its offer to acquire Australia’s Insignia Financial Ltd., proposing a bid exceeding $1.9 billion. The revised bid matches an offer made just days earlier by CC Capital Partners, ...