The exclusivity period granted to Bain and CC Capital expired on May 15. Murphy said that Australia’s aging population makes wealth management particularly interesting to Bain.

SYDNEY— Insignia Financial on Monday said Bain Capital has matched a US$1.8 billion takeover offer by CC Capital Partners, intensifying a tussle for control of the Australian wealth manager.

Endeavour has been under pressure to turn around its share price decline, and earlier this week told investors that all ...

Insignia's shares sank 15.8% to end the day at A$3.37, below Bain's and CC Capital's offer of A$5 per share. That indicates investors expect CC Capital, likely the last remaining suitor, to either ...

Shares of Australia's Insignia Financial hit a more than three-year high on Monday as a bidding war escalated, with private equity firm Bain Capital raising its offer to A$2.87 billion ($1.76 ...

All-cash private equity deal will put an end to the uncertainty that has hung over the 180-year-old wealth management giant amid a protracted takeover tussle.

Insignia Financial Ltd. said Bain Capital has dropped its takeover offer for the Australian wealth firm, but talks are continuing with the remaining bidder, CC Capital Partners.

Bain Capital on Sunday said it was preparing a second-round proposal to buy Virgin Australia Holdings Ltd <VAH.AX>, as the private equity group positioned itself as the "strongest" suitor to ...