Deal with it
A new takeover bid for wealth manager Insignia Financial signals a strong start to the year for dealmakers.
Investment bankers are rarely not bullish at the start of a new year — after all, it’s the start of a fresh bonus cycle for most of them. But we usually have to wait until after the momentum-killing quiet period between Christmas and Australia Day to know whether there is any substance to their optimism.
In 2025, it’s looking like a different story. “We’ve had people working over the break on deals, the pipelines are full, staffing is stretched, we’re busy,” one local head of investment banking told Capital Brief.
Earlier this morning we led our first instalments of Standup and Letter of Intent for 2025 with the deal rebound theme. Fittingly, just a few hours after those newsletters went out the door, the first big corporate bid of the year landed on the ASX.
New York-based buyout firm CC Capital Partners lobbed a $4.30 per share offer for Insignia Financial, valuing the financial services firm formerly known as IOOF at $2.9 billion.
