Why two private equity giants are fighting over Insignia

ByKerry Sun

Thu 23 Jan 25, 12:11pm (AEDT)

This is likely what the bidders are banking on – Buying a beaten-down stock that's in the midst of a turnaround.

Higher Bids to Come?

The current $4.60 per share offer values Insignia around 11.2x FY26 earnings. To add some perspective,

• Insignia has traded on a five-year average P/E of 10.3x

• KKR bought a 55% stake in Colonial First State (May 2021) priced at 15.5x

• IFL purchased ANZ Wealth at 15.5x (Oct-17) and MLC at 16.2x (Aug-20)
  
  I SEE A $5 PLUS INFRONT OF THIS
  
  imho
  dyor