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Vedder Thinking | News Vedder Price Represents Australian Financial Firm Perpetual Limited in Acquisition of Majority Interest in Barrow Hanley

Press Release

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On November 17, 2020, Vedder Price’s client, 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.

Adam S. Lewis, Julia L. Brook, Joseph T. Bueche and Wade Martin (Finance & Transactions), and Nathaniel Segal and Joseph M. Mannon (Investment Services) led the team from Vedder Price. Also providing key input on the deal were 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.

“This marks Perpetual’s second acquisition in the last six months where Vedder has provided key assistance, and closing this deal is a testament to Perpetual’s continuing success in a time of market uncertainty,” said Mr. Segal. “We’re proud that Vedder’s cross-disciplinary team has played a part in furthering Perpetual’s growth strategy and look forward to our continued partnership.”

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



Professionals



Julia L. Brook

Associate



Joseph T. Bueche

Associate



Jonathan Edgelow

Counsel



Andrew Falevich

Shareholder



Adam S. Goldman

Associate



Esther Langdon

Associate



Matthew P. Larvick

Shareholder



Adam S. Lewis

Shareholder



Joseph M. Mannon

Shareholder



Wade Martin



Brian K. McCalmon

Shareholder



Philip L. Mowery

Shareholder



Matthew T. O'Connor

Shareholder



Cara J. Ottenweller

Shareholder



Nathaniel Segal

Counsel



Michael J. Turgeon

Shareholder



Tyrique J. Wilson

Associate