InvestSMART

Navigator Global Investments Limited (ASX:NGI)

ALERT: Price-sensitive ASX Announcement for NGI
Current share price for NGI : $2.370 -0.07 (-2.87%)+
Announcement
Release
2 Jul 2026 10:56AM
Price at Release
$2.440
Full Release
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Summary
Navigator Global Investments Limited (NGI) announced the completion of its acquisition of a portfolio of Net Revenue Share interests in alternative investment managers from Stable Asset Management LP for US$190 million, a slight reduction from the initially announced amount. This acquisition is part of NGI's strategic expansion to diversify its investment strategies, enhance growth potential, and broaden its investor base. The newly formed NGI Stable Growth Portfolio will include 17 interests across various alternative strategies, and NGI has entered into a strategic partnership with Stable to manage this portfolio, paying a flat annual fee for six years. The transaction was funded through a recent entitlement offer and the issuance of NGI shares. This strategic partnership is expected to expand NGI's capabilities and growth opportunities, welcoming Stable's expertise to support further scaling and providing NGI access to additional growth avenues.
Key Points
  • Completion of acquisition of Stable revenue share portfolio for US$190 million
  • Formation of NGI Stable Growth Portfolio with 17 Net Revenue Share interests
  • Reduction of transaction consideration from US$195 million to US$190 million
  • Strategic partnership with Stable for portfolio management
  • NGI to pay Stable US$1.56 million annually for six years
  • Acquisition funded through entitlement offer and issuance of NGI shares
  • Enhancement in diversification and growth potential for NGI
  • Strategic partnership expected to expand NGI's capabilities
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.