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Navigator Global Investments Limited (ASX:NGI)

ALERT: Price-sensitive ASX Announcement for NGI
Current share price for NGI : $2.390 -0.09 (-3.63%)+
Announcement
Release
4 May 2026 9:48AM
Price at Release
$2.480
Full Release
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Summary
Navigator Global Investments Limited (NGI) has announced the acquisition of a diversified portfolio of Net Revenue Share interests from 17 alternative asset managers, valued at US$195 million. This acquisition will enhance NGI's scale, diversify its asset and earnings profile, and improve cash flow generation. The transaction, expected to complete in early FY27, is funded by a A$145 million entitlement offer and A$136 million in scrip consideration. The acquisitions will form part of the NGI Stable Growth Portfolio, contributing significantly to NGI's AUM and providing a robust platform for future growth. The strategic partnership with Stable aims to extend NGI's reach in the alternative asset management sector, improving diversification and long-term growth potential. The acquisition is projected to be accretive to earnings per share within the first full year of ownership.
Key Points
  • Acquisition of Net Revenue Share interests from 17 alternative asset managers
  • Transaction value of US$195 million
  • Enhances NGI's scale and diversification
  • Funded by A$145 million entitlement offer and A$136 million scrip consideration
  • Formation of NGI Stable Growth Portfolio
  • Completion expected in early FY27
  • Projected to be accretive to earnings per share in the first full year
  • Strategic partnership with Stable extends NGI's market reach
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.