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$10.22 pacific current group limited

Lost - Aperio was a very specialised financial services company.

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tocqueville

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24/11/20

19:09

Post #: 49111983
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Originally posted by lost: ↑

Hi All

One of PAC's previously owned Fund Manager's, Aperio has been sold to Black Rock for $USD1.05B, see link here:
https://www.businesswire.com/news/home/20201123006227/en/BlackRock-to-Acquire-Aperio---Leading-Provider-of-Personalized-Index-Equity-Solutions

In October 2018, PAC management sold 23.4% of the business for $USD73.5M or a total business value of approximately $USD315M.

While we do not know whether there was additional capital applied (I would assume not), there was growth of approximately 333% in business value post sale in two years. If PAC had held on and bought the additional 30% of the business that was on sale from the owners at the time, we would have $USD500M or $A684M in assets.

When PAC sold its share in Aperio, it had $A34B in FUM. Now sold, it had $A49B in FUM - almost 50% growth in FUM in 2 years.

Goes to show where there is strong FUM growth in a particular strategy, the trend typically continues.

Learnings from this, when US Fund management businesses grow, they do so at an accelerated rate and their value increases exponetially too.

Best of Luck
Lost

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Lost - Aperio was a very specialised financial services company.

PAC Price at posting: $5.95 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $10.22		Change 0.020(0.20%)		Mkt cap ! $528.6M

Open	High	Low	Value	Volume
$10.27	$10.29	$10.16	$455.8K	44.54K

Buyers (Bids)

No.	Vol.	Price($)
4	396	$10.18

Sellers (Offers)

Price($)	Vol.	No.
$10.23	7	1

View Market Depth

No.	Vol.	Price($)
2	234	10.160
1	157	10.150
1	157	10.140
1	157	10.130
2	213	10.120

Price($)	Vol.	No.
10.200	512	7
10.210	354	2
10.220	239	2
10.230	197	2
10.240	149	2

Last trade - 14.52pm 24/04/2024 (20 minute delay)


Last $10.22			Change 0.020 ( 0.10 %)
Open	High		Low	Volume
$10.29	$10.29		$10.16	31880
Last updated 14.51pm 24/04/2024 ?

PAC (ASX) Chart