Euroz Buys Blackswan

May 19, 2014

On May 15, 2014, theaustralian.com reported that Euroz Limited (ASX: EZL) had agreed to acquire Blackswan Equities, expanding its wealth management business.


On May 15, 2014, theaustralian.com reported that Euroz Limited (ASX: EZL) will purchase Perth, Australia-based Blackswan Equities for up to 5.2 million shares.  The deal is reportedly valued at $6.6 million.  The transaction, which is subject to due diligence between the parties, will expand Euroz’ wealth management business.  Blackswan has approximately $1.4 billion of funds under advice.

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Categories

Investment Manager M&A, Transactions