Home / transaction / Berkshire Global Advisors acted as financial advisor to Channel Capital Pty Ltd
Berkshire Global Advisors acted as financial advisor to Channel Capital Pty Ltd
  • has completed a management buyout in partnership with
  • Berkshire Global Advisors acted as financial advisor to Channel Capital Pty Ltd

  • Date: November 2020
  • Sector: Investment Management
  • Sub-Sector: Funds Management
  • Region: APAC
  • Seller AUM: AUD$16 billion
  • Seller Details:
    Channel provides incubation, distribution, operational and responsible entity services to a select group of investment management firms and their clients across the institutional, family office, high net worth and advisor-led investor space. Channel’s subsidiary entity, CIML, provides responsible entity services to a limited set of funds. Channel currently services more than A$16 billion in client assets.

    Buyer Details:
    Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers. Kudu was founded in 2015 and is backed by capital partner White Mountains Insurance Group, Ltd. (NYSE: WTM).

    Transaction Summary:
    Kudu’s value proposition is first and foremost a passive financial construct that will enable Channel Capital to achieve its strategic objectives without sacrificing autonomy or independence. Most importantly, Kudu’s value proposition – which puts management squarely in control of Channel Capital without any attendant conflicts of interest – will resound with clients.

    The inclusion of Channel Capital into our portfolio would add to the prestige of the Kudu brand, enhance our reputation of investing in high-quality managers, and serve as the anchor for our Australian presence. We believe we can add significant value to Channel Capital’s investor services initiatives as a function of our global understanding of those businesses, as well as the wealth of relationships nurtured in that space and in asset management over the last decades. We also believe we can provide benefits by facilitating idea sharing across managers in our portfolio, including marketing strategies as well as best practices.