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Navigator Global Investments Ltd ( (AU:NGI) ) has provided an announcement.
Navigator Global Investments has agreed to acquire a portfolio of net revenue share interests in 17 alternative asset managers from Stable Asset Management-related funds and clients for US$195 million, to be branded the NGI Stable Growth Portfolio within its strategic segment. The portfolio spans strategies including long-short equities, royalties, quantitative, private credit and relative value, adding US$15 billion in firm-level assets under management, greater diversification across manager size and maturity, and a higher growth profile for Navigator.
The deal, expected to complete in early FY27 subject to regulatory approvals, will be funded via a fully underwritten A$145 million accelerated entitlement offer and A$136 million in Navigator scrip, implying a 7.6-times multiple on 2025 distributions. Alongside the purchase, Navigator has formed a long-term strategic partnership with Stable, paying a fixed annual fee for portfolio management, in a move the company expects to be low double-digit earnings per share accretive and to enhance profitability, scale and its positioning as a global partner to alternative asset managers.
The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.
More about Navigator Global Investments Ltd
Navigator Global Investments Limited is an Australia-based asset management firm that partners with alternative investment managers worldwide. Its core business focuses on taking economic interests in management and performance fees of hedge funds and other alternative strategies, with a growing emphasis on private markets and strategic capital solutions to alternative asset managers.
YTD Price Performance: -16.22%
Average Trading Volume: 753,359
Technical Sentiment Signal: Buy
Current Market Cap: A$1.22B
For a thorough assessment of NGI stock, go to TipRanks’ Stock Analysis page.