Australia's Platinum in talks to be swallowed up by L1 Capital
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
0mins
Source: Reuters
Platinum Asset Management and L1 Capital Merger Talks: Platinum Asset Management is in discussions to acquire L1 Capital, potentially creating an A$18 billion funds management group, with L1's owners expected to hold about 75% of the combined entity.
Market Response and Financial Context: Following the announcement, Platinum's shares surged by 15.8%, although the company has faced significant declines in market capitalization and funds under management over the past two years.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
