Insignia Financial rejected a $2.7 billion bid from global private equity giant Bain Capital, capitalising on the support of the wealth group’s major shareholder, John Wylie’s Tanarra Capital, which backed the board’s conviction it was better off alone.
Michelle Bowes writes about personal finance from our Sydney newsroom. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
