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Generation Development Group Secures $320m Acquisition of Evidentia to Dominate Managed Accounts
9:31am on Monday 10th of February, 2025 AEDT
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Financial Services
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Generation Development Group Secures $320m Acquisition of Evidentia to Dominate Managed Accounts
9:31am on Monday 10th of February, 2025 AEDT
Key Points
GDG to acquire 100% of Evidentia for $320 million
Equity raising of approximately $287.9 million fully underwritten
Combined managed accounts funds under management to exceed $25 billion
Evidentia management retained with CEO Peter Smith joining GDG board
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