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L1 Group Finalises Platinum Merger, Eyes $35m Cost Savings and FUM Recovery
9:34am on Wednesday 29th of October, 2025 AEDT
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Financial Services
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L1 Group Finalises Platinum Merger, Eyes $35m Cost Savings and FUM Recovery
9:34am on Wednesday 29th of October, 2025 AEDT
Key Points
Merger completed on 1 October 2025, combining L1 Capital and Platinum Asset Management
Pro-forma FY25 revenue of $262 million and underlying EBITDA of $142.3 million
Targeting $30-35 million in cost synergies within 18 months post-merger
Focus on stabilising Platinum’s $7.6 billion funds under management
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