KKR snaps up Perpetual businesses in $2bn deal with G+T's help

The agreement follows the announcement that Perpetual's CEO will be retiring

KKR snaps up Perpetual businesses in $2bn deal with G+T's help

KKR has agreed to acquire the corporate trust and wealth management businesses of Perpetual for $2.175bn with Gilbert + Tobin’s (G+T) assistance.

This follows Perpetual’s announcement that CEO and managing director Rob Adams would be retiring, as reported by Reuters. With KKR picking up the corporate trust and wealth management businesses, Perpetual will continue as an asset management business.

G+T lead partner Alex Kauye said that the deal “sits alongside KKR’s investments in Arnott’s and Colonial First State as another example of KKR’s proven capability in complex carve-out transactions”. It is in line with the organisation’s strategy to extend its footprint in Australia, as well as other markets.

Kauye worked alongside the following lawyers on the transaction:


  • Nirangjan Nagarajah, partner
  • Sam Kings, partner
  • Olivia Blakiston, lawyer
  • Ebony Keenan-Dunn, special counsel
  • Stephanie Rowan, lawyer
  • Fiona Blanch, lawyer
  • Christopher Margin, lawyer
  • Jordan Czelen, lawyer
  • Sophie Chalet, lawyer
  • Alexia Grindle, lawyer
  • Maxwell Collins, lawyer


  • John Schembri, partner
  • Michael Spurritt, lawyer
  • Victor Salman, lawyer
  • Nick Cooper, lawyer

Financial services regulation

  • Georgina Willcock, special counsel


  • Luke Barrett, partner

Disputes and investigations

  • Philippa Hofbrucker, partner
  • Rebecca Spigelman, partner


  • Anna Smyth, partner (technology and digital)
  • Melissa Fai, partner
  • Andrew Hii, partner


  • Julian Cheng, partner


  • James Pomeroy, special counsel

Recent articles & video

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Federal Court rules in ASIC's favour against Cigno Australia, BSF Solutions

Senior appointments strengthen CBP offerings

Legal orgs team up to aid community legal centres

HSF environment, planning and communities group partners with CEIG on report

New metric developed to assess socioeconomic challenges of US law school applicants

Most Read Articles

NSW Supreme Court sets trial date for landmark strip search class action

K&L Gates Advises Centuria on acquisition of massive glasshouse in Victoria

Hall & Wilcox assists Tobii Dynavox to acquire Link Assistive for $13m

Pearce IP's AU litigation head shares the most important lesson she learned from her old job