AUB Group Limited

ASX:AUB

AUB Group Limited

ASX:AUB
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$31.73 (-0.8%)
Last close price
#262
Rank
3
Held by
11
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Forum Topics AUB AUB Takeover

Pinned straw:
Mujo
Added a month ago


AFR Streetalk


Underperformer AUB Group in crosshairs of private equity suitor


ASX-listed insurance roll-up AUB Group, whose shares have underperformed peers including Steadfast Group over the past 12-months, is in play.

The $3.8 billion company has attracted the attention of Swedish private equity firm EQT Group, according to people with knowledge of the mooted deal, who requested anonymity.

Of note, it is unclear whether the high-level discussions have progressed or if EQT has submitted an informal takeover proposal to AUB’s Peter Harmer-chaired board.

Goldman Sachs is advising EQT Group and Macquarie Capital is tending to AUB Group, the sources said.
Solvetheriddle
Added a month ago

Interesting, no surprise that M&A is a factor for insurance brokers, it is rife in this space. we saw PSC go a while ago, and plenty of activity in the US. What is interesting in the reports is that it is PE, usually, it is a bigger broker eating a smaller one. makes more sense for a bigger broker to get them imo. see what happens

14
Chagsy
Added a month ago

First RUL and now AUB. All these takeovers are ruining my retirement. That’s another core holding I’m going to have to find a replacement for.

19