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The advisory and accounting firm has formed a new partnership with Mercury Capital to expand its services.
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Findex announces partnership with investment firm
10 April 2024
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Findex co-chief executive Matt Games said the partnership further enhances the firm’s ability to respond to the need for cost-effective, high-quality integrated financial advice across Australia and New Zealand.
"This transaction follows more than a decade of dynamic growth for Findex,” said Games.
“During this time, we have significantly expanded our accounting footprint and reach coupled with our market-leading wealth management services to over 100 locations in Australia and New Zealand. This new partnership further fuels our ambitions to triple the size of our business over the next five years.”
The partnership will see Mercury Capital acquire KKR’s approximate 40 per cent stake in Findex, providing additional investment capital and appointing new representatives to the Findex board.
Mercury Capital founder and chief executive Clark Perkins said the investment firm was attracted to Findex’s unmatched competitive position in wealth management and accounting services, and its compelling regional foothold outside metro areas.
“Findex’s strong growth profile, management capabilities, deep digital investment and low-risk salaried adviser model which brings accountants and financial planners together under one roof creates an exciting opportunity for enhanced, market-leading service provision,” said Perkins.
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“It positions Findex to continue to significantly expand its business across Australia and New Zealand.”
Findex founder and managing director Spiro Paule said the new relationship with Mercury Capital demonstrates that Findex is comfortable with and adept at partnering with smart capital to better enable Findex to further expand and enhance its financial services to a vast demographic of business and private clients which are typically under-served, particularly in regional areas.
“Our model also provides unparalleled career opportunities, diversity and the most flexible working environment and choice,” said Paule.
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