Hostplus has merged with an Adelaide-based fund, resulting in the superannuation giant managing $82 billion in funds.
Firm: Holding Redlich (Hostplus)
Value: $11 billion.
Area: Finance
Key players: The Holding Redlich team was led by partner Luke Hooper.
Deal significance: The deal places Hostplus in the top five superannuation funds by membership and top 10 by funds under management – and will lead to a superannuation fund of approximately $82 billion.
Commenting on the deal, Mr Hooper said: “An incredible amount of work has gone into this merger, by multiple teams within each of Holding Redlich, Hostplus and Statewide. This has been an incredibly collaborative project, and a pleasure to work on. We thank our client, Hostplus, for its continuing support.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
