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Perpetual to be broken up, name sold to KKR in $1.5b deal
Perpetual will be broken up and its 138-year-old name sold to private equity giant KKR as part of the biggest overhaul in its history.
The transaction will give KKR the Perpetual name, along with its valuable corporate trust and wealth management businesses, in a deal worth more than $1.5 billion, people familiar with the process told The Australian Financial Review.
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