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Pinnacle Investment Management Group Limited (ASX:PNI)

ALERT: Price-sensitive ASX Announcement for PNI
Current share price for PNI : $17.660 2.22 (14.38%)+
Announcement
Release
4 May 2026 4:53PM
Price at Release
$15.440
Full Release
download
Summary
Pinnacle Investment Management Group Limited announced it has agreed to acquire an additional 6.80% of equity in Metrics Credit Holdings Pty Limited for approximately A$100.5 million, restoring its equity interest to about 35%. The acquisition will be funded from existing resources, with payment split into 75% on completion and the rest a year later. Concurrently, the National Pension Service of Korea will acquire an additional 6.37% stake in Metrics, enhancing its shareholding to 9.9%. The equity purchases, which are interdependent, are set to complete between Q2 and Q3 of 2026 and are subject to Foreign Investment Review Board approval. These transactions mark further strategic alignment with Pinnacle and its partners, ensuring continued support for Metrics' growth trajectory.
Key Points
  • Pinnacle Investment Management Group Limited announced the acquisition of an additional 6.80% of equity in Metrics Credit Holdings Pty Limited.
  • The acquisition aims to restore Pinnacle’s equity interest in Metrics to approximately 35%.
  • The cost of the acquisition is approximately A$100.5 million, funded from existing balance sheet capacity.
  • Payment structure includes 75% payable on completion and the remaining 25% twelve months from the date of agreement.
  • National Pension Service of Korea, via partnership with Townsend Holdings LLC, is acquiring 6.37% of Metrics equity.
  • The vendor is HRM Holdings Pty Ltd, associated with Graham McNamara, who is retiring in the first half of 2026.
  • The transactions are dependent on each other and expected to complete in Q2–Q3 of 2026.
  • Metrics Managing Partner and CEO, Andrew Lockhart, expressed satisfaction with the transition of equity.
  • Pinnacle's Managing Director, Ian Macoun, reiterated confidence in Metrics’ growth.
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.