Pinnacle Investment Management (ASX:PNI) has reached a milestone in its international expansion strategy, securing formal approval from both the Financial Conduct Authority and the Dubai Financial Services Authority for its acquisition of Pacific Asset Management.
The regulatory green light, confirmed early today, clears the path for Pinnacle to acquire the remaining 79.2% stake in the London-based boutique firm it does not already own.
The deal, valued at approximately $418.8 million, is the culmination of a multi-stage partnership that began with Pinnacle’s initial minority investment in 2024.
By moving to 100% ownership, Pinnacle bolsters its footprint in the UK and European markets, integrating PAM’s sophisticated "craft-based" investment strategies and advanced technology-led adviser solutions into its global affiliate network.
Industry analysts view the move as a strategic win for the Australian-listed firm, which manages over $200 billion in assets.
The acquisition allows Pinnacle to export its successful multi-affiliate model deeper into the Northern Hemisphere, leveraging PAM’s distribution scale and strong momentum—the firm reportedly grew its assets under management to $27.3 billion as of late 2025.
Under the new structure, PAM’s leadership, including CEO Matthew Lamb, will remain at the helm to ensure continuity of culture and investment processes.
The transaction is slated for final settlement on April 24.
At the time of reporting, Pinnacle Investment Management’s share price was $16.88.