Bear Stearns Private Equity to acquire Macquarie Private Capital Group

The transaction will be funded out of Bear Stearns’s existing cash reserves and banking facilities. Under the terms of the transaction, MPCG shareholders will receive A$1.06 in cash for each security owned.

As part of the transaction, the current manager of MPCG, Macquarie Investment Management will be retained as manager of MPCG post transaction.

Troy Duncan, manager of Bear Stearns Private Equity Limited (BSPEL), said: The transaction represents BSPEL’s first direct investment in the Australian market and continues to reinforce BSPEL’s global approach to private equity investing. We believe that as a result of the MPCG acquisition, BSPEL’s portfolio will be well positioned to capitalize on several favorable current macro trends in the Australian and Asian markets.

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