Perpetual Limited’s 75% Stake Acquisition In Barrow Hanley


Vedder Price advised Perpetual Limited on the deal.

Perpetual Limited (“Perpetual”), announced the closing of its acquisition of a 75% stake in Barrow, Hanley, Mewhinney & Strauss, LLC (“Barrow Hanley”) from BrightSphere Investment Group Inc.

The acquisition brings together two complementary investment brands. Based in Dallas, with a presence in London and Hong Kong, Barrow Hanley has approximately $41 billion in assets under management as of October 31, 2020, across U.S. equities, global equities, global emerging markets equities, and fixed income strategies. The acquisition aligns with Perpetual’s strategy to build world-class investment capabilities and a global distribution footprint.

Perpetual, founded in 1886 and one of Australia’s largest wealth managers, is a diversified financial services company providing specialized investment management, wealth advice and corporate fiduciary services

The Vedder Price team was led by Adam S. Lewis (Picture), Julia L. Brook, Joseph T. Bueche and Wade Martin. It also included Matthew T. O’Connor (Debt Financing), Philip L. Mowery (Employee Benefits), Andrew Falevich and Matthew P. Larvick (Tax), Brian K. McCalmon (HSR), Cara J. Ottenweller (Labor & Employment), Michael J. Turgeon (Intellectual Property), Tyrique J. Wilson and Adam S. Goldman (Investment Adviser and regulatory matters) and Jonathan Edgelow and Esther Langdon (UK corporate and regulatory matters). Other contributors included Timothy M. McNeilly, Stephanie Michaels and Madeline L. Revell.

Involved fees earner: Julia Brook – Vedder Price; Joseph Bueche – Vedder Price; Jonathan Edgelow – Vedder Price; Andrew Falevich – Vedder Price; Adam Goldman – Vedder Price; Esther Langdon – Vedder Price; Matthew Larvick – Vedder Price; Adam Lewis – Vedder Price; Joseph Mannon – Vedder Price; Wade Martin – Vedder Price; Brian McCalmon – Vedder Price; Philip Mowery – Vedder Price; Matthew O’Connor – Vedder Price; Cara Ottenweller – Vedder Price; Nathaniel Segal – Vedder Price; Michael Turgeon – Vedder Price; Tyrique J. Wilson – Vedder Price;

Law Firms: Vedder Price;

Clients: Perpetual Limited;

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Author: Ambrogio Visconti