Insignia Financial, one of Australia’s wealth management firms, is about to undergo a significant change in ownership following a planned takeover by US-based CC Capital and One Investment Management (OneIM).
Under the provisions of a freshly signed Scheme Implementation Deed (SID), the two private investment groups would buy 100% of Insignia for A$4.80 per share in cash, valuing the company at around A$3.9bn (US$2.5bn). The offer provides a strong 56.9% premium over Insignia’s final undisturbed share price of A$3.06 on December 11, 2024.
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Subject to judicial and regulatory approvals, the deal will be carried out through a scheme of arrangement and is anticipated to be put to a vote by shareholders in the first half of 2026. These consist of approvals from Insignia shareholders, the Australian Prudential Regulation Authority (APRA), and the Foreign Investment Review Board (FIRB).
Insignia, which manages and advises on over A$330bn in assets, is regarded as a prime target for growth-oriented investors aiming to tap into Australia’s A$4.1tn superannuation system.
Chinh Chu, Senior Managing Director of CC Capital stated: “We believe that Australia’s superannuation system is world-class in addressing the structural challenge of aging populations saving for retirement. Insignia’s scale, trusted brands, and deep relationships across the A$4.1tn (US$2.7tn) superannuation market1 make it a compelling long-term platform for growth. We recognise the high duty of care required to steward a business with Insignia’s rich heritage and connection to the retirement and superannuation system, and we are confident that our investment acumen and long-term approach will position us to improve member outcomes and further enhance the operational trajectory of the business.”
OneIM’s CEO and co-founder Rajeev Misra added: “We are excited to partner with Insignia’s management team to help craft the company’s next chapter of continued growth and unmatched member service. We believe Insignia will benefit from OneIM’s approach to creating long-term value for all stakeholders as we help combine Insignia’s history of excellence with technological and investing expertise.”
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By GlobalDataScott Hartley, CEO of Insignia Financial, shared: “Subject to shareholder and regulatory approvals, the CC Capital and OneIM offer would deliver attractive value to our shareholders, while providing the resources and global perspective needed to accelerate our strategic agenda for members, customers and advisers. I look forward to working with the CC Capital and OneIM teams to continue our focus on creating best-in-class service and outcomes for our members.”
The full SID has been filed with the ASX, with further details to be provided in the Scheme Booklet scheduled for release in early 2026.
Furthermore, financial and legal advisers across Australia, the US, and Europe are supporting the transaction, including Deutsche Bank Australia, Macquarie Capital, Santander, and Rothschild & Co, among others.
