AFR reports that there’s little sign Phil King is slowing down in his push to expand funds under management, with the Regal Partners investor in advanced talks to buy PM Capital, the funds house operated by Paul Moore. The former Bankers Trust investor has Allier Capital on his side providing advice as he negotiates to sell his firm, operating since 1998, to Regal. The deal values his business at some $140 million, Street Talk has been told. Sources say that the deal is structured to lock in Moore for five years, with about 85 per cent of the consideration to be paid in Regal scrip. A deal is expected to be announced as early as this week after negotiations over the weekend.
PGF Price at posting:
$1.78 Sentiment: Hold Disclosure: Held
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