News

Number of news items returned: 81 to 100 records of 452

"APRA to introduce first prudential standard aimed at tackling growing threat of cyber attacks"

07 March 2018

(9033 views)

"APRA to introduce first prudential standard aimed at tackling growing threat of cyber attacks"   Cyber Research has advised us of another ...

Support Management Solutions: Updates on Board and Development

27 February 2018

(9715 views)

    Support Management Solutions: Updates on Board and Development   "New Director Hugh Hamilton has been appointed to the Board. Hugh has experience in ...

Happy New Year - Funding Strategies Connect Jan 2018

06 February 2018

(7983 views)

    Happy New Year - Funding Strategies Connect Jan 2018   Dear Readers, Happy new year!   Flora Mok and myself were privileged to attend the ...

Squirrel Acquires London Based FCA Licensed Financial Service

05 February 2018

(7577 views)

    Squirrel Acquires London Based FCA Licensed Financial Service   "Squirrel Limited through its wholly owned UK based subsidiary, Squirrel Money Limited is ...

Mark's report on his recent Hong Kong visit

01 February 2018

(7674 views)

    Flora Mok and myself (pictured above) were privileged to attend the Asian Financial Forum, the Asia Private Equity Forum and ...

Dealer Trade Progress Report

25 January 2018

(6031 views)

    Dealer Trade has provided a progress report in regards to: Gumtree - CarRecord Partnership New Manufacturer - Suzuki QLD Dealer Trade UK Fairfax - ...

AqMB offers "PFD export to CAD software, smartPFD mode, plant rollback & simplified stream numbering"

25 January 2018

(6441 views)

    AqMB offers "PFD export to CAD software, smartPFD mode, plant rollback & simplified stream numbering"   Transition easily from BFD to PFD ...

"Support Management Solutions to raise capital for new medical software product"

23 January 2018

(7464 views)

    "Support Management Solutions to raise capital for new medical software product   Support Management Solutions to seek capital in 6-9 months to ...

2017 - its a wrap! Funding Strategies Connect December 2017

19 December 2017

(10149 views)

  2017 - its a wrap! Funding Strategies Connect December 2017     Dear Readers, 2017 - its a wrap! We have completed significant assignments for ...

Squirrel ranked 84th in the 2017 Deloitte Technology Fast 500 awards

18 December 2017

(10361 views)

  "Fresh off the back of Squirrel's recognition as one of the AFR's Fast Starters, I am pleased to announce we ...

Opmantek named 55th Australian Export Awards category winner

15 December 2017

(10021 views)

  Opmantek named  55th Australian Export Awards category winner     On the back of winning the 4th consecutive Queensland Premier's Export Award, Opmantek ...

BlueMount Capital Secures Major Debt Funding

07 December 2017

(10045 views)

    BlueMount Capital Secures Major Debt Funding   "In conjunction with BlueMount Capital’s Melbourne office, I am delighted to announce we have secured ...

"Walking over broken glass for sustainability"

06 December 2017

(9351 views)

    "Walking over broken glass for sustainability"   "Dr Ho’s team, along with industry partners Brisbane City Council and EnviroSand, are investigating mixtures ...

Squirrel recognised in the 2017 AFR Fast Starters List

09 November 2017

(8667 views)

  Squirrel recognised in the 2017 AFR Fast Starters List   Squirrel debut's on the Australian Financial Review's Fast Starters list, as the ...

The market, introductions and news - Funding Strategies Connect October 2017

31 October 2017

(9334 views)

    Dear Reader,   It's an interesting time in the capital markets space at the moment. Australia has seen a large initial coin offering ...

"CaroMel's platform launch set"

27 October 2017

(8699 views)

"CaroMel's platform launch set   Platform launch CaroMel’s platform is ready for launch. The company will now sprint to load the branding and ...

"We are launching any day now" CaroMel Ltd Podcast

19 October 2017

(8840 views)

    "We are launching any day now"   Podcast: Listen as Raghu Rajakumar spoke to Greg McLardie, Managing Director of CaroMel Ltd. CaroMel is ...

LeenLife signs Agreement with BioCube

17 October 2017

(8984 views)

  LeenLife Pharma International: Production and Operations in North America Exclusivity Agreement with BioCubeTM   "October 17, 2017 CSE - LLP The Company is pleased to ...

Mining, Cars and Cyber Protection - Funding Strategies Connect September 2017

06 October 2017

(8216 views)

  Dear Reader,   In discussing our services with prospects and clients, it is important to be clear on their company's strategic objectives. Quite ...

CaroMel - Director Briefing with Greg McLardie

03 October 2017

(8734 views)

  Director Briefing with Greg McLardie, CaroMel Ltd   “Our digital platform allows orders to be received from and shipped directly to the ...

"PictureWealth actively seeks Australia-wide financial services acquisitions - MD"

07 June 18

 

"PictureWealth actively seeks Australia-wide financial services acquisitions - MD

 

PictureWealth, a private Perth, Australia-based integrated technology and financial advisory company, is actively seeking acquisitions Australia-wide to grow its customer base and scale its offering, said Managing Director and founder David Pettit.
The company, which uses Queensland-based BlueMount Capital as corporate advisor, is happy to hear from other advisors that can bring targets, he said.
It is looking to acquire financial services companies or planners with solid client bases, strong management teams, industry-specific expertise, global vision and proven execution, Pettit said. These could include small financial planners looking to exit or companies and clients coming out of larger groups, he said.
PictureWealth has already identified at least four targets, which have a combined total of AUD 940m (USD 720m) in funds under management and more than 45,000 clients, Pettit said. The company will pay a total of around AUD 19m for these targets and is in the process of finalising equity and debt funding, he said, without elaborating further on the funding details. The deals are expected to complete in the coming months, he noted.
The company’s forecast revenue post the acquisitions will be AUD 7m on completion, AUD 9.8m in the second year, AUD 13.2m in the third year, AUD 17m in the fourth year, and AUD 21.4m in the fifth year, he said."

 

Please read the full Mergermarket article via the link below.

To find out more about PictureWealth please click here.

Additional Documents

PictureWealth_Mergermarket article_7jun18