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Pinnacle Investment Management Group Partners with Coolabah Capital Investments

11 Dec 2019  |  19:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Pinnacle partners with Coolabah Capital

Pinnacle Investment Management Group announced that it has entered into agreements to acquire a 25% equity interest in Coolabah Capital Investments Pty, acquiring all of the equity currently owned by AMB Capital Partners, which is the private investment business of the Bennett Family, subject to the satisfaction of certain limited conditions precedent. Pinnacle will acquire a 25% interest in CCI for $29.1m, together with a further $5m upon the business achieving certain milestones over the next 18 month to 4.5 year period. CCI and Pinnacle have entered into a global distribution partnership in which Pinnacle will share revenues from capital raised in the institutional, retail and offshore distribution channels. The acquisition is subject to certain limited conditions precedent.

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