Perpetual (ASX:PPT) Completes Transformational Acquisition of Barrow Hanley

  • November 18, 2020 01:15 PM AEDT
  • Kunal Sawhney
    CEO Kunal Sawhney
    2781 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

Perpetual (ASX:PPT) Completes Transformational Acquisition of Barrow Hanley


  • ASX 200-listed Perpetual Limited completes acquisition of a 75% interest in Barrow, Hanley, Mewhinney & Strauss, LLC.
  • Acquisition of Barrow Hanley provides a platform for Perpetual to expand its global presence.
  • Perpetual also revealed the launch of its new business platform- Perpetual Asset Management, International.
Gold MTF non-AMP

ASX 200-listed financial services group Perpetual Limited (ASX:PPT)  today disclosed that the Company had completed the acquisition of a 75% interest in US-based investment management business Barrow, Hanley, Mewhinney & Strauss, LLC from BrightSphere Investment Group Inc for A$439 million. This acquisition accelerates global footprint of Perpetual with substantial growth in worldwide investment and distribution capabilities.

Let us discuss this acquisition in detail-

Perpetual acquires 75% stake in Barrow Hanley

Perpetual Limited today (18 November) updated the market that it had completed the acquisition of a 75% interest with 25% being retained by the management and team members of Barrow, Hanley, Mewhinney & Strauss, LLC. Barrow Hanley is based in Dallas and has a powerful track record of value investing over 40 years.

Following the acquisition, Perpetual confirms that it remains on track for achieving more than 20% underlying EPS accretion on an annual basis.

This acquisition builds on Perpetual’s acquisition of Trillium Asset Management and the build-out of the US-based distribution team of Perpetual. The acquisition of ~A$58.34 billion in AUM triples Perpetual’s AUM, which now outstrips A$87 billion and includes 21 new key strategies across asset classes, strategies, and geographies.

Moreover, PPT had commenced implementation of its strategy to drive growth in both-

  • Integrated ESG investment strategies of Trillium.
  • Barrow Hanley’s highly regarded global equities, global emerging market equities, US equities, and fixed income strategies.

This acquisition brings together two complementary investment brands and is an important step in the strategy of Perpetual to build topnotch investment capabilities and a global distribution footprint.

Perpetual to expand its global presence

With a successful and long-term track record, Barrow Hanley offers a platform for Perpetual to expand globally. It builds on the successful acquisition of Trillium Asset Management, and build-out a US-based distribution team for Perpetual.

With almost 31 distribution professionals joining Perpetual through the acquisition of Barrow Hanley gives Perpetual a presence in Hong Kong and London for future expansion.

Perpetual CEO and Managing Director Rob Adams commented-

Perpetual to Launch New division

Perpetual also disclosed that commencing 1H21, and the Company will launch a new business division, “Perpetual Asset Management, International”. This division will include the operations of Barrow Hanley and Trillium and any upcoming international asset management functions. This division will be led by David Lane, Group Executive who will continue to report to Rob Adams, CEO and MD of Perpetual.

Moreover, Perpetual stated that the new division is anticipated to represent almost 29% of the Group’s operating revenue, including 27-29% rise in the Group’s cost base in FY21.

Stock Information- On 18 November 2020, the share price of PPT was noted at A$29.95 down by 1.610% at AEST 11:47 PM. 



The website is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK