Street Talk

Is the PE shootout for Insignia under threat? Markets think so

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 8, 2025 – 5.00am

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The ASX market meltdown sparked by Trump’s new tariff regime is sure to have its fair share of casualties on the M&A circuit. Will the first be Insignia Financial, which was put in play in December?

Street Talk understands Bain Capital and CC Capital’s dealmakers are busy wrapping their heads around the sharemarket volatility, which is a key factor for Insignia’s fee-earning assets. Of note, both parties were deep in due diligence as of Monday.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.