M&A Deal Summary

Perpetual Acquires Barrow Hanley Mewhinney & Strauss

On July 26, 2020, Perpetual acquired business services company Barrow Hanley Mewhinney & Strauss from BrightSphere for 319M USD

Acquisition Highlights
  • This is Perpetual’s 1st transaction in the Business Services sector.
  • This is Perpetual’s largest (disclosed) transaction.
  • This is Perpetual’s 1st transaction in the United States.
  • This is Perpetual’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-07-26
Target Barrow Hanley Mewhinney & Strauss
Sector Business Services
Buyer(s) Perpetual
Sellers(s) BrightSphere
Deal Type Divestiture
Deal Value 319M USD

Target

Barrow Hanley Mewhinney & Strauss

Dallas, Texas, United States
website
Barrow, Hanley, Mewhinney & Strauss is a provider of investment management, money management, and value investing services. Barrow Hanley currently serves as a sub-advisor to more than 35 equity and fixed income mutual funds. In addition to sub-advising an array of nationally-recognized mutual funds in the U.S., it sub-advise a number of internationally-based funds. Barrow Hanley was formed in 1979 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Perpetual

Sydney, Australia

website

Category Company
Founded 1886
Sector Financial Services
Employees999
Revenue 484M AUD (2020)
DESCRIPTION

Perpetual is an independent and diversified financial services group providing specialised investment management, wealth advice and corporate fiduciary services to individuals, families, financial advisers and institutions. Perpetual was founded in 1884 and is based in Sydney, Australia.

DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 The Trust

Sydney, Australia

The Trust Co. Ltd. is a provider of full range of financial services.

Buy -

Seller(S) 1

SELLER

BrightSphere

Boston, Massachusetts, United States

website

Category Company
Founded 1980
Sector Business Services
Employees354
Revenue 417M USD (2022)
DESCRIPTION

BrightSphere is a global, multi-boutique asset management company with a diverse portfolio of asset managers serves institutional investors around the world. Its business model combines the investment talent, entrepreneurialism, and creativity of leading asset management boutiques with the resources and capabilities of a global firm. BrightSphere was incorporated in 1980 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Divestiture) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Campbell Global

Portland, Oregon, United States

Campbell Global is an investment manager focused on timberland. Campbell Global has over three decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations, and other institutional investors since inception. Campbell Global combines ingenuity, data-supported decision making and a passion for responsible investing that delivers the best possible performance for each client and the Australia-based OneFortyOne business enterprise. Campbell Global is based in Portland, Oregon.

Sell -
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