Completion of Transaction
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| Stock | Navigator Global Investments Ltd (NGI.ASX) |
|---|---|
| Release Time | 2 Jul 2026, 10:56 a.m. |
| Price Sensitive | Yes |
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Navigator Completes Acquisition of Stable Revenue Share Portfolio
Key Points
- Acquisition of Stable Asset Management LP's portfolio for US$190 million
- Shares issued as part of the acquisition escrowed for 1-2 years
- New strategic partnership with Stable Asset Management LP
Full Summary
Navigator Global Investments Limited has completed the acquisition of a portfolio of Net Revenue Share interests in alternative investment managers from Stable Asset Management LP for a total consideration of US$190 million. The acquisition was funded through NGI's recent A$145 million entitlement offer and the issuance of NGI shares as scrip consideration. The portfolio, named the NGI Stable Growth Portfolio, comprises 17 Net Revenue Share interests in alternative asset managers, providing NGI with greater diversification and a higher growth profile. In parallel with the acquisition, NGI and Stable have entered into a long-term strategic partnership for the management and monitoring of the NGI Stable Growth Portfolio.
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