EQT Holdings Ltd, an Australian provider of trustee and executor services, has received a takeover proposal from U.S.-based private equity firm TPG Global valued at roughly $468 million.
The unsolicited approach highlights ongoing private equity interest in Australian financial services and wealth management assets. Details regarding the per-share offer price and the specific terms of the proposal have not yet been fully disclosed by the companies.
EQT Holdings operates across Australia, providing philanthropic, estate planning, and trustee services to corporate and private clients. Representatives for both EQT Holdings and TPG Global have not immediately provided further comment on the status of the discussions.
