• Acquisition of 100% of Evidentia Group Holdings Pty Ltd for $320m
• Evidentia is a leading provider of investment management and managed account solutions
• Acquisition expected to be low double-digit EPS accretive in first full year of ownership

Generation Development Group Limited (ASX:GDG) has entered into a binding agreement to acquire 100% of Evidentia Group Holdings Pty Ltd (Evidentia) for $320m up-front consideration. Evidentia is one of Australia's leading providers of investment management and tailored managed account solutions. The acquisition will build on GDG's presence in the rapidly expanding managed accounts market, which is estimated to grow at approximately 15% p.a. to $474bn by 2030. The combined entity will have over $25bn in funds under management. Evidentia management will be retained post-acquisition, with existing CEO Peter Smith to become the Executive Chairman of the expanded managed accounts business and join GDG's board of directors. The acquisition is expected to be low double-digit EPS accretive in the first full year of ownership (FY26F exclusive of synergies). The acquisition, transaction costs and additional balance sheet flexibility will be funded through a $287.9m fully underwritten placement and pro rata accelerated non-renounceable entitlement offer. GDG Directors and Senior Management have committed to participate for $1.6m of their entitlements under the Entitlement Offer.

The acquisition of Evidentia is expected to be low double-digit EPS accretive in the first full year of ownership (FY26F exclusive of synergies).