ASX Announcements
Insignia Financial Half-Year 2025 Results Webcast Details
Notification of Results/Reporting Date, Web Casts
- Feb 6, 2025
- 1 page
Market Sensitive
IFL Receives Indicative Non-binding Proposal
Scheme of Arrangement, Indicative Non-Binding Proposal, Takeover - Timer Applied
- Feb 5, 2025
- 2 pages
Market Sensitive
Insignia Financial 2Q25 Quarterly Business Update
Periodic Reports - Other, Trading Update, Progress Report
- Jan 23, 2025
- 6 pages
This Month
Three’s an unusually big crowd in a $3b leveraged buyout; buyer beware
When PE firms push each other to the limit, the buyer often lives to regret it. Insignia Financial is a fascinating test.
- Anthony Macdonald
Battle for Insignia becomes three-way bidding war
Brookfield is vying for the owner of MLC, joining a $3.1 billion wealth management tussle with CC Capital and Bain Capital.
- Nicola Blackburn and Vesna Poljak
Brookfield taps Jarden, G+T for Insignia tussle; eyes on Healthscope
Brookfield is said to have tapped trans-Tasman investment bank Jarden and law firm Gilbert + Tobin for its run at the wealth management group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Big super to keep pushing companies on climate
New climate disclosure laws mean even retail super funds will engage with companies on climate this year. Poor workplace safety and governance is also a concern.
- Hannah Wootton
Bain Capital matches $2.9b bid for Insignia in private equity shootout
The firm has met CC Capital’s offer and also signalled it is open to allowing Insignia shareholders to retain some of their stake.
- Lucas Baird
Bain Capital set to match CC Capital at Insignia
Bain Capital, which bought out Virgin Australia in the depths of the COVID-19 pandemic and swept Estia Health off the ASX in 2023, is eager to take the fight to CC Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Top super investors dash pre-election rate cut hopes
But they say investors should be optimistic about inflation easing despite later cuts and risks associated with Donald Trump taking the White House.
- Hannah Wootton
CC Capital bids $2.9b for Insignia in private equity shootout
The New York-headquartered private equity firm lobbed a cash bid, trumping Bain Capital’s rejected offer.
- Updated
- Emma Rapaport
- Opinion
- Chanticleer
Private equity’s $2.9b bolt from the blue kickstarts M&A wave
Get off the beach, the new year has begun with a doozy of a buyout bid. It is not straightforward, but it is a bit of fresh meat.
- Updated
- Anthony Macdonald
December 2024
- Opinion
- Chanticleer
Santa quashes Bain Capital’s big Aussie buyout, for now
Behind the flurry of statements, there’s a game of M&A chess. Insignia Financial is this year’s Christmas special.
- Anthony Macdonald
Insignia board weighs $2.7b Bain bid against turnaround
Bain’s cash has Insignia shareholders wondering whether they should cut and run ahead of a complex but credible turnaround strategy.
- Updated
- Jonathan Shapiro
PE giant Bain Capital zeros in on $2b Insignia; BofA on hand
Street Talk understands Bain Capital is running the ruler over ASX-listed over $2 billion ASX-listed financial services giant Insignia Financial.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Global super giant finds Aussie beachhead at MLC
This is a deal like few others – big on employees and software, light on cash. The bigger thing is what it could do for Australia’s superannuation sector.
- Anthony Macdonald
November 2024
- Opinion
- Chanticleer
New CEO takes a turn to ‘Make MLC Great Again’
The last owner to make good money out of MLC was Lendlease, more than two decades ago. But it is coming back.
- Anthony Macdonald
August 2024
The super funds failing to perform
For the first time, all default MySuper options passed the APRA performance test, but big retail funds continue to underperform.
- Michelle Bowes and Hannah Wootton
Insignia shares sink after ‘disappointing’ dividend pause
Delivering his first full-year results as CEO, Scott Hartley said the dividend freeze was needed to strengthen the balance sheet amid remediation costs.
- Updated
- Hannah Wootton
July 2024
Insignia fined $10.7m but share price soars
The regulator slammed the financial services giant for “still struggling with foundational issues” such as failing to put members’ money into default MySuper products.
- Hannah Wootton
- Opinion
- Chanticleer
The grand dame of Australian financial services is making a comeback
MLC is showing signs of life – with an earnings upgrade – and is the face of Insignia’s fightback story. If it wins, the company and its 53,000 shareholders win too.
- Anthony Macdonald
Top 10 super funds revealed for FY24
A small mining industry fund delivered the highest returns for the second year in a row, with two retail super giants joining it in first place.
- Hannah Wootton
Insignia calls in Citi as PE circles; Geoff Lloyd around the hoop
Sources said Geoff Lloyd has been shopping his turnaround credentials and industry nous to potential bidders.
- Sarah Thompson, Kanika Sood and Emma Rapaport