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Norton Gledhill advises Pacific Current Group Limited on sale of stake in Investors Mutual Limited

Norton Gledhill has advised ASX listed Pacific Current Group Limited (PAC) on the successful sale to French investment group Natixis Global Asset Management of a 40% stake in fund manager Investors Mutual Limited (IML) in a deal that puts an enterprise value on IML of around $300 million.

Hugh Scales and Alasdair McLean led the transaction for PAC with assistance from Mahla Andrade.