Count to acquire Oracle Group and undertake equity raising
| Stock | Count Ltd (CUP.ASX) |
|---|---|
| Release Time | 31 Mar 2026, 11:06 a.m. |
| Price Sensitive | Yes |
Count to acquire Oracle Group and undertake equity raising
- Acquisition of leading provider of financial advice, accounting and investment management services
- Increases Count's Wealth segment contribution to approximately 59% of 1H FY26 pro forma EBITA
- Acquisition expected to be low double-digit EPS accretive pre-synergies on a FY26 pro forma basis
Count Limited (ASX:CUP) (Count or the Company) today announces it has entered into a binding agreement to acquire 100% of the businesses operated by Oracle Advisory Group Pty Ltd, Oracle Accounting (Australia) Pty Ltd and Oracle Investment Management Pty Ltd (Oracle Group) (the Acquisition). The Acquisition is consistent with Count's strategy to build Australia's leading integrated wealth and accounting platform, and accelerates the Company's ambition to grow its employed financial adviser network and expand its participation in the advice market. The Acquisition will provide a number of strategic benefits to Count including increased adviser headcount, higher Wealth segment EBITA contribution, expanded FUA base for Count's investment solutions, and enhanced east coast presence. The upfront acquisition enterprise value is approximately $72.2 million, comprised of upfront consideration of c.$53.9 million and deferred cash consideration of up to $18.3 million. The Acquisition will be partially funded via a fully underwritten Institutional placement to raise approximately $35.9 million and a non-underwritten share purchase plan to eligible shareholders to raise up to $5.0 million.
The Acquisition is expected to be low double-digit EPS accretive pre-synergies on a FY26 pro forma basis. Run-rate pre-tax cost synergies of approximately $1.0 million are targeted to be achieved within 24 months following completion.