Market Chatter: Regal Partners Walks Away from Platinum Investment Offer Due to Concerns Over Outflows, High Price, The Australian Reports

MT Newswires Live

May 06, 2025

Regal Partners (ASX:RPL) walked away from a takeover for Platinum Investment Management (ASX:PTM) due to concerns around outflows from the firm's funds under management, Regal's chief executive, Brendan O'Connor, said at the Macquarie Australia conference, The Australian reported Tuesday.

They were seeking "too high a price for the business," O'Connor said.

Platinum's funds under management fell to AU$9.6 billion by the end of April, from AU$10.3 billion at the start of the same month.

Regal Partners made an offer equivalent to AU$1.10 per share for Platinum in September 2024, which was rejected by Platinum. Talks between the two firms ended in December 2024.

Platinum is currently pursuing merger talks with peer L1 Capital, and both parties are in the middle of their due diligence.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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