Street Talk
Perpetual boss looks for exit, KKR takes control in $2.175b deal
Time’s up for Perpetual boss Rob Adams.
Street Talk understands the financial services giant is set to announce the stepping down of its chief executive on Wednesday after a five-month strategic review and hotly contested bidding process that has seen private equity interests jostle for the firm’s corporate trust and wealth businesses.
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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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