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ASX:CUP

5 stories mentioning ASX:CUPUpdated 19d ago

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Asia

Count to Complete Oracle Group Acquisition

Count (ASX:CUP) is expected to complete the acquisition of the Oracle Group on Monday, according to a same-day Australian bourse filing.The upfront acquisition consideration of AU$49 million, deferred cash consideration of up to AU$16.6 million, and earn-out cash consideration of up to AU$12.6 million, respectively, to reflect the actual Oracle Group fiscal year 2026 normalized earnings before interest, tax, and amortization of AU$9.1 million at a multiple of 7.2.This represents a reduction in upfront consideration of around AU$4.8 million and a reduction in total potential aggregate consideration of around AU$3.9 million.

ASX:CUP
Asia

Count Completes Strategic Investment in Tailored Lifetime Solutions

Count (ASX:CUP) has completed its investment in wealth advisory firm Tailored Lifetime Solutions, securing a strategic 20% stake in the business, according to a Wednesday filing with the Australian bourse.Tailored has also acquired financial planning clients from another Count Financial licensed firm as part of the transaction, per the filing.The partnership supports the company's strategy to expand wealth revenues through its equity partnership model and build a scaled, integrated wealth accounting platform, the filing added.

ASX:CUP
Asia

Count Advances Oracle Group Acquisition After ACCC Confirmation

Count (ASX:CUP) received confirmation from the Australian Competition and Consumer Commission (ACCC) that its acquisition of Oracle Group does not require notification, paving the way for completion in the coming weeks, subject to remaining conditions being satisfied, according to a Monday filing with the Australian bourse.The acquisition is expected to considerably grow the company's adviser network, enhance its wealth accounting platform, and strengthen its investment offerings, per the filing.The company has also secured an expanded debt facility with Commonwealth Bank of Australia (ASX:CBA), comprising a AU$77 million acquisition facility, a AU$33 million accordion facility, and a AU$6.6 million working capital facility, the filing said.

ASX:CBAASX:CUP
Asia

Count Finalizes Terms to Acquire Cornerstone Shareholding in Financial Planning Firm

Count (ASX:CUP) finalized terms to acquire a cornerstone shareholding in Tailored Lifetime Solutions, a Count Financial-licensed financial planning firm, according to a Monday filing with the Australian bourse.Tailored will acquire the financial planning clients of another Count Financial-licensed firm as part of the deal, the filing said.The combined business is expected to have revenue of about AU$6 million, per the filing.

ASX:CUP
Asia

Count Says Commonwealth Bank Reduces Stake

Count (ASX:CUP) said Commonwealth Bank of Australia and its related entities have reduced their stake in the company on April 9 to 19.97% or 40.9 million shares from 25.75% or 43.5 million shares, according to a Monday Australian bourse filing.The company's shares were up 2% in recent Monday trade.

ASX:CUP

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