GQG Partners Inc. (ASX:GQG) entered into an agreement to acquire unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC) for $71.3 million on March 15, 2024. Following the completion of the Acquisition, Mr. Greenwood will co-lead the PCS business and investment team with current GQG Managing Director Mike Daley. Mr. Daley and Mr. Greenwood previously worked together for over a decade at PAC and its predecessor, Northern Lights Capital Group. The Acquisition is subject to satisfaction of certain conditions include the approval of PAC?s shareholders at a general meeting, receipt of certain consents and/or waivers from other interest holders in the boutiques, and receipt of certain regulatory approvals. expected to be financed by a debt facility of the GQG Partners Inc and is expected to close in the first half of calendar 2024.

Flagstaff Partners Pty Ltd acted as financial advisor, Allens and Sidley Austin acted as a legal counsel to Pacific Current Group Limited (ASX:PAC).