Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million on September 19, 2023. The consideration involves $15m paid at closing, $13m paid one year after closing, and up to an additional $12 million subject to growth milestones. Avante will continue to be overseen by its founders and principals and there will be no changes to its strategies or day-to-day operations. The acquisition is approved by Pacific's board. The transaction is expected to close in September 30, 2023. Ardea Partners LP acted as financial advisor to Avante.

Pacific Current Group Limited (ASX:PAC) completed the acquisition of 24.9% stake in Avante Capital Partners on November 1, 2023. Melinda Fellner, Ronald M. Feiman, Jeffrey S. Boxer and John M. Griem, Jr. of Carter Ledyard & Milburn, LLP acted as legal advisor to Pacific Current Group Limited (ASX:PAC). Matthew McBride, Michelle E.P. Nunez, Alexander J. Miska and Raj Tanden of Foley & Lardner LLP acted as legal advisor to Ardea Partners LP.