Brookfield Scraps La Trobe IPO Plan, Pivots to Middle East

Brookfield scraps La Trobe IPO plan, pivots to Middle East

After failing to get a float up amid volatile markets, Brookfield has sold a minority state in the private credit asset manager to the Abu Dhabi-based Axight.

Axight buys minority stake in La Trobe Financial

Asia-focused private equity manager Axight has agreed to acquire a significant minority stake in Australian alternative asset manager La Trobe Financial from Brookfield’s private equity business, subject to regulatory approval. The transaction valued La Trobe Financial at around US$2.1bn (£1.55bn). Brookfield has owned La Trobe Financial since May 2022 and will remain the majority shareholder […] The post Axight buys minority stake in La Trobe F…

UAE's Axight to buy minority stake in Australia's La Trobe Financial from Brookfield at $2.2 bln valuation

Brookfield will remain La Trobe's majority ⁠owner after the transaction