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  5. Challenger Acquires HSBC Asset Management

M&A Deal Summary

Challenger Acquires HSBC Asset Management

On March 21, 2005, Challenger acquired financial services company HSBC Asset Management from HSBC Holding for 22M USD

Acquisition Highlights
  • This is Challenger’s 1st transaction in the Financial Services sector.
  • This is Challenger’s largest (disclosed) transaction.
  • This is Challenger’s 1st transaction in Australia.

M&A Deal Summary
Date 2005-03-21
Target HSBC Asset Management
Sector Financial Services
Buyer(s) Challenger
Sellers(s) HSBC Holding
Deal Type Divestiture
Deal Value 22M USD

Target

HSBC Asset Management

Sydney, Australia
HSBC Asset Management (Australia) manages wholesale and retail funds across arange of asset classes.

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Buyer(S) 1

Buyer

Challenger

Sydney, Australia
Category Company
Founded 1985
Sector Financial Services
Employees506
Revenue 750M AUD (2025)
DESCRIPTION

Challenger is an listed investment management firm that provides financial security in retirement. Challenger was founded in 1985 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 2
Year: 2005 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 Accurium

Hobart, Australia

Accurium (formerly Bendzulla Actuarial) provides a range of services to self-managed superannuation funds (SMSFs) in, or transitioning to, the retirement phase of superannuation.

Buy -

Seller(S) 1

SELLER

HSBC Holding

London, United Kingdom
Category Company
Founded 1865
Sector Financial Services
Employees211,940
Revenue 67.4B USD (2024)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC was founded in 1865 and is based in London, England.

DEAL STATS #
Overall 2 of 10
Sector: Financial Services M&A 1 of 4
Type: Divestiture M&A Deals 2 of 9
Country: Australia M&A 1 of 1
Year: 2005 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-28 Household International

Prospect Heights, Illinois, United States

Household International, Inc. is a consumer finance company.

Buy $14.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Metris Companies

Minnetonka, Minnesota, United States

Metris Companies, Inc. operates as an information-based direct marketer of consumer lending products are primarily unsecured credit cards, including the Direct Merchants Bank MasterCard and Visa credit cards.

Buy -
Mergr

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