Street Talk

Charter Hall snaps up 50pc stake in David Paradice’s Paradice Investment Management

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Dec 22, 2021 – 9.10am

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Veteran Australian stockpicker David Paradice and his team have sold a 50 per cent stake in his eponymous funds manager to real estate investment group Charter Hall.

It is understood the deal, signed on Wednesday morning, values Paradice Investment Management at $400 million to $450 million.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au