On November 13, 2017, Azimut Group announced an agreement to acquire Dunsford Financial Planning.
Pursuant to the terms of the purchase and sale agreement, AZ Next Generation Advisory Pty Ltd. (“AZ NGA”), a subsidiary of Azimut Group (“Azimut”), will purchase the entire share capital of Dunsford Financial Planning (“DFP”) for A$6.1 million, which includes a 49% share swap of DFP equity for AZ NGA shares.
Azimut is a Milan-based independent asset manager. Azimut manages approximately A$6.2 billion in total assets in Australia through its Australian subsidiary, AZ NGA.
DFP is a Victoria-based financial advisory services firm, specializing in financial planning, aged care and estate planning, among other related services.
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