Stable Asset Management Acquired by Navigator Global Investments | Financial Services M&A Deal

Navigator Global Investments has acquired Stable Asset Management, a wealth management Ria business in Australia, for US$195 million. Stable Asset Management provides access to alternative investment managers and supports ongoing management and monitoring of the NGI Stable Growth Portfolio on behalf of Navigator Global Investments. The Stable Asset Management acquisition expands Navigator Global Investments acquisitions across alternative asset manager interests, adding scale and diversification for financial services M&A in wealth management Ria. The platform acquisition is announced as a strategic acquisition by a strategic buyer, with Navigator Global Investments funding US$103 million in cash and issuing US$96 million in NGI scrip to Stable shareholders, including management and limited partners. Navigator Global Investments acquisitions create a long-term strategic partnership with Stable, including a flat fee of US$1.56 million per year for an initial six-year term, supporting growth in partner firms and manager pipeline.