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EUROZ HARTLEYS GROUP LIMITED — M&A Activity 2015
Jul 12, 2015
64896_rns_2015-07-12_cd8c7fde-eefb-44a6-958e-d90d5c00d682.pdf
M&A Activity
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13 July 2015
ASX Announcement / Media Release
EUROZ COMPLETES ACQUISITION OF ENTRUST
Euroz Limited (“Euroz” ASX Code: EZL) is pleased to confirm the acquisition of Entrust Private Wealth Management Pty Ltd (“Entrust”).
On the 3[rd] of July 2015 Euroz announced that it had entered into a binding term sheet for the acquisition of Entrust. Following completion of due diligence we now announce executed binding agreements. Entrust is now a wholly owned subsidiary of Euroz Limited.
Entrust is a leading Western Australian based wealth management business with Funds Under Management (FUM) of $565m and was founded in 2002 by Graeme Yukich, Andrew Fry and Brad Gordon. Graeme and Andrew will remain Executive Chairman and Managing Director and will be responsible for driving growth in the business.
Entrust will retain its existing brand and will continue to operate from its existing premises in the AMP Building until the team of investment professionals and support staff move into the Euroz premises at Alluvion in Perth in September 2015.
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About Euroz
Euroz is a specialised funds management, wealth management and securities business. Euroz has two funds management divisions consisting of Westoz Investment Management Limited (“WIM”) and Westoz Funds Management Pty Ltd (“WFM”). Our wealth management operation is Entrust Private Wealth Management Pty Ltd and our stockbroking and corporate finance business is Euroz Securities Limited.
For further information please contact:
Andrew McKenzie Executive Chairman Euroz Limited P: 0438 755 727 E: [email protected]
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