Private equity investors EQT and CVC (together, the Consortium) have notified AUB Group that they will not proceed with a binding A$45-per-share scheme proposal to acquire 100% of the business, and both sides have therefore agreed to end discussions.
Under the indicative consortium proposal, funds managed by EQT and CVC, alongside any co-investors, would jointly own the company, and EQT had confirmed at the time that the indicative offer price remained A$45.00 per share.
The Consortium has now advised AUB that it does not intend to progress to a binding proposal at that price, prompting the termination of talks.
AUB’s Board reiterated that A$45.00 per share, equating to an enterprise value of more than A$5 billion, appropriately reflects the company’s value in the current market.
AUB’s Chief Executive Officer and Managing Director, Michael Emmett, added, “AUB Group continues to deliver robust performance, underpinned by a clear strategy and disciplined execution.
“The recent due diligence process, while demanding, has reaffirmed our confidence in our improvement initiatives and long-term growth prospects.
“Now that discussions with the Consortium have ended, our Board and management team are fully focused on advancing our portfolio of organic growth initiatives and acquisition opportunities.
“We remain confident in AUB Group’s forecast FY26 financial performance and see significant opportunities to grow profits in FY27 and beyond.”
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