Channel Capital Undertakes Management Buyout Supported by Kudu Investment Management

NEW YORK and SYDNEY, Nov. 9, 2020 /PRNewswire/ — Channel Capital Pty Ltd. ( Channel ), a leading australian multi-affiliate investment management company servicing more than A $ 16 billion in assets, will undertake a management buyout from minority equity spouse Highbury Partnership ( Highbury ), discipline to accustomed approvals .
New York-based Kudu Investment Management, LLC ( Kudu ), an freelancer supplier of permanent capital solutions to asset and wealth managers, is providing financing for the buyout and extra capital for the firm. Upon completion of the transaction, expected in November, Channel ‘s employee shareholders will control a greater plowshare of the diversify investing management group. Kudu will own a passive voice, minority share in the business. fiscal terms were not disclosed .
Channel provides brooding, operations, distribution, market and responsible entity services to a blue-ribbon group of investment management companies and their clients across the institutional, class office, high net worth and advisor-led investor space in Australia and New Zealand. Channel ‘s auxiliary, Channel Investment Management Limited ( CIML ), is licensed as a responsible entity in Australia, enabling it to act as both trustee and coach .
“ While the business has prospered in partnership with Highbury, we ‘ve reached the next level of growth, requiring a renewed strategy to both consolidate and capitalize on what we ‘ve built, ” said Glen Holding, Channel ‘s co-founder and managing director. “ Partnering with Kudu will greatly enhance our ability to pursue larger growth opportunities both within and outside of Australia. ”

“ As our first transaction in Australia, one of the earth ‘s largest pension markets, we jumped at the prospect to support Channel in achieving its full likely, ” said Charles Ruffel, chair and managing partner of Kudu. “ Channel ‘s leadership and hard focus on investor outcomes permeate the organization, and we look fore to a farseeing and fruitful working relationship in Australia and globally. ”
Established in 2013, Channel has 27 employees across Sydney, Brisbane and Melbourne. Channel presently partners with eight investment management firms. Channel subsidiary company CIML provides responsible entity services to a limited rig of funds managed or advised by its spouse firms adenine well as a choose group of institutions .
With Channel, Kudu will have 14 affiliated firms that jointly manage or advise approximately US $ 75 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies, as of Sept. 30, 2020. Kudu, with US $ 475 million in capital commitments to date, is backed by White Mountains Insurance Group, Ltd. ( NYSE : WTM ), a fiscal services holding party .
Berkshire Global Advisors served as fiscal adviser and Hall and Wilcox served as legal adviser to Channel. Minter Ellison served as legal adviser to Kudu.

About Channel Capital
Channel provides brooding, distribution, operational and responsible entity services to a choose group of investing management firms and their clients across the institutional, family office, high net worth and advisor-led investor space. Channel ‘s subsidiary company entity, CIML, provides responsible entity services to a express dress of funds. Channel presently services more than A $ 16 billion in client assets. Learn more here : hypertext transfer protocol : //www.channelcapital.com.au .
About Kudu Investment Management

Kudu provides long-run capital solutions—including generational ownership transfers, management buyouts, learning and emergence finance, a well as liquid for bequest partners—to asset and wealth managers. Kudu was founded in 2015 and is backed by capital collaborator White Mountains Insurance Group, Ltd. ( NYSE : WTM ). For more information, please visit Kudu ‘s web site .
SOURCE Kudu Investment Management, LLC

Related Links

www.kuduinvestment.com

Leave a Comment

Your email address will not be published.