Completion of Acquisition of 51% of SEQ Advice Group

Key points

• Completed acquisition of 51% controlling interest in SEQ
• Transaction completed on 1 September 2026
• Centrepoint to increase ownership to 75% in the future
• SEQ's management team to continue operating the business

Full summary

Centrepoint Alliance Limited (ASX: CAF) has completed the acquisition of a 51% controlling interest in South East Queensland Advice Group Pty Limited (SEQ). The transaction, which was initially announced on 26 August 2026, was finalized on 1 September 2026, following the satisfaction of all conditions precedent. Centrepoint paid an initial Tranche 1 cash payment of $0.5 million, which will be offset against the total Tranche 1 consideration payable. The balance of the Tranche 1 consideration is expected to be settled in September 2027, contingent on SEQ's FY27 maintainable EBITDA and agreed balance sheet completion statement adjustments. Centrepoint also holds a call option to acquire the remaining 49% ownership interest, expiring on 1 September 2036. SEQ's existing management and adviser team will continue to operate the business, with Centrepoint supporting its growth, governance, and succession objectives.

Guidance

Balance of Tranche 1 consideration expected to be settled in September 2027

Outlook

Centrepoint plans to increase its ownership to 75% in SEQ, subject to performance, client-transition, and succession outcomes.