TA Associates to invest in Australia’s Viridian Financial Group
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TA Associates to invest in Australia’s Viridian Financial Group
Viridian’s founders, board, and senior management have approved the deal. Viridian oversees approximately $16bn in funds through its three specialised divisions – Viridian Advisory, Infinity Capital Solutions, and Smartmove Lending. These units cater to more than 15,000 clients, offering wealth management, investment solutions, and mortgage broking services. In December 2024, TA agreed to invest in Craigs Investment Partners, a wealth management firm based in New Zealand.
US-based private equity firm TA Associates is investing in Viridian Financial Group, an Australian financial services company.
The terms of the “strategic investment” remain undisclosed.
The deal has received the clearance of Viridian’s founders, board of directors, and senior management, who will collaborate with TA to drive the company’s next stage of development after the transaction is finalised.
The transaction is subject to standard conditions and is anticipated to close in the third quarter of this year.
TA Asia Pacific head and TA managing director Edward Sippel said: “Throughout our multi-year, deep dive into Australia’s wealth management sector, Viridian consistently emerged as a leading innovator in its market segment, driven by its compelling asset platform, diversified product offering and strong culture of client and advisor alignment.”
Set up in 2015 and based in Melbourne, Viridian oversees approximately $16bn in funds through its three specialised divisions – Viridian Advisory, Infinity Capital Solutions, and Smartmove Lending.
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These units cater to more than 15,000 clients, offering wealth management, investment solutions, and mortgage broking services.
The partnership with TA is expected to bolster Viridian’s capabilities by tapping into TA’s global expertise and resources in the financial services sector.
Viridian chair James Joughin said: “By combining the strengths of both companies, the Viridian Board anticipates significant synergies, strengthening our position in the market as well as expanding our capabilities.
“We believe this transaction will create significant value for our shareholders in driving future profitability.”
In December 2024, TA agreed to invest in Craigs Investment Partners, a wealth management firm based in New Zealand.
Source: https://www.privatebankerinternational.com/news/ta-associates-viridian-financial-group/