Perpetual sells wealth management unit, Bain Capital deal ends corporate break-up saga
Perpetual has finally closed the book on a near-2½ year corporate break-up saga after agreeing to sell its wealth management unit to Bain Capital for about $500 million. The deal struck over the weekend will be used to repay $400 million of bank debt and will allow the nearly 140-year-old financial services conglomerate to retain…

