Insignia: A Crown Jewel in Wealth Management
Insignia, one of Australia’s largest diversified financial services firms, holds sway over more than AU$330 billion in funds under management and advice. The company’s shares surged over 12% to AU$4.41 following the announcement, signaling strong market confidence in the acquisition.
“Insignia represents a compelling long-term platform for growth,” said Chinh Chu, founder of CC Capital. “Australia’s superannuation system is world-class in meeting the retirement challenge of aging populations.”
A Battle of Bidders Ends in CC Capital’s Favor
The deal follows a competitive saga that began in March, when Insignia opened its books to both CC Capital and rival bidder Bain Capital, after both suitors crossed the $2 billion threshold. But in May, Bain backed out, citing volatile market conditions—leaving CC Capital and OneIM to advance unchallenged.
“We believe Insignia will benefit from OneIM’s focus on creating long-term value for stakeholders,” added Rajeev Misra, OneIM’s CEO and co-founder.
