MA Financial set to gain $20m from the sale of Infinite Care
Make us a preferred source
Make us a preferred source on Google
The news: Global alternative asset manager MA Financial Group has announced it expects to realise a $20 million gain from the sale of Infinite Care to Anglicare Sydney, commencing in the first-half.
The context: MA Financial subsidiary, MA Aged Care Fund, has entered into an agreement to sell Infinite Care for an undisclosed amount. The group said the gain will be recorded as a one-off significant item in the FY26 underlying earnings.
The group also announced it will receive a performance fee reflecting the fund’s performance. The final gain, including the performance fee, will be subject to the final transaction adjustments.
What they said: “Following completion, investors in the MA Aged Care Fund will receive a total return, net of all fees in excess of a 2.8x multiple of their initial invested capital”, MA Financial joint CEO Julian Biggins said.
“The strong performance of the fund highlights MA Financial’s strong track-record of delivering its investors great outcomes through its focus on active management of assets,” he added.
The source: ASX
