Magellan Financial Group caught headlines in August with its first major acquisition under newly installed chairman Andrew Formica. However, a key detail of the deal remained elusive – until now.
Vinva Investment Management’s financial year 2024 accounts, lodged with the corporate regulator this week, show Magellan paid a punchy multiple for its $138.5 million global equity acquisition.
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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. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
