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Bain Capital sweetens proposal for Australia’s Insignia Financial to nearly $1.8 billion


(Reuters) – Australia’s Insignia Financial said on Monday, unique fairness firm Bain Capital has really sweetened its proposal for the 178-year-old riches supervisor, at present valuing it at A$ 2.87 billion ($ 1.76 billion), weeks after Insignia turned down Bain’s earlier deal.

($ 1 = 1.6279 Australian bucks)

(Reporting by Rajasik Mukherjee in Bengaluru; enhancing and enhancing by Diane Craft)



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