Divestiture • Business Services

Perpetual Acquires Barrow Hanley Mewhinney & Strauss

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date July 26, 2020
Target Barrow Hanley Mewhinney & Strauss
Sector Business Services
Buyer(s) Perpetual
Sellers(s) Acadian Asset Management
Deal Type Divestiture
Deal Value 319M USD

Target Company

Barrow Hanley Mewhinney & Strauss

Dallas, Texas, United States
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 Overview 1

Buyer

Perpetual

Sydney, Australia

Category Company
Founded 1886
Sector Financial Services
Employees1,789
Revenue 1.3B AUD (2025)
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 Context for Buyer #
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 Co.

Sydney, Australia

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

Buy -

Seller Profile 1

SELLER

Acadian Asset Management

Boston, Massachusetts, United States

Category Company
Founded 1980
Sector Business Services
Employees387
Revenue 506M USD (2024)
DESCRIPTION

Acadian Asset Management 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. Acadian Asset Management was incorporated in 1980 and is headquartered in Boston, Massachusetts.


Deal Context for Seller #
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 -