Zenith Investment Partners has announced today that it has entered into an agreement to purchase the Chant West superannuation and consultancy business from ASX listed company Chant West Holding Ltd, (ASX: CWL).

The transaction will take place by way of an asset sale for a $12m consideration and is expected to complete by this April.

David Wright, CEO of Zenith commented, "We're very pleased to welcome the Chant West team and client capabilities into the Zenith business. This is a logical fit for our growth plans to better serve an expanded client base with unbiased research, consultancy and online tools, especially at a time when the broader super, pension and advice markets are undergoing considerable change and further evolving how they serve their clients and members."

CWL CEO, Brendan Burwood endorsed the transaction on behalf of the CWL Board, adding, "Chant West has been serving super and pension funds, employers and financial advisers for over 2 decades with unbiased research, member-focused consultancy services and user-friendly tools, all aimed at supporting the personal wealth goals of a growing number of Australians. In this regard, we believe that the Chant West research and consultancy business is very well aligned with Zenith's corporate values and ambitions."

The combined business will employ more than 70 staff and have an office location in both Sydney and Melbourne, enabling the business to be closer to more of its clients.

Its combined client base will include a number of Australia's largest super, pension and advice companies, along with many smaller, boutique providers located across the country.

Further, it will have established relationships with the majority of funds management firms offering investment products to local investors.

Disclaimer: ©Zenith CW Pty Ltd ABN 20 639 121 403 (Chant West), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1280401, 2021. This website is only intended for use by Australian residents and is subject to use in accordance with Chant West’s Terms of Use and should be read with Chant West’s Financial Services Guide. Products, reports, ratings (Information) are based on data which may be sourced from a third party and may not contain all the information required to evaluate the nominated product providers, you are responsible for obtaining further information as required. To the extent that any Information provided is advice, it is General Advice (s766B Corporations Act). Chant West has not taken into account the objectives, financial situation or needs of any specific person who may access or use the Information provided. It is not a specific recommendation to purchase, sell or hold any product(s) and is subject to change at any time without prior notice. Individuals should consider the appropriateness of any advice in light of their own objectives, financial situations or needs and should obtain a copy of and consider any relevant PDS or offer document before making any decision. Information is provided in good faith and is believed to be accurate, however, no representation, warranty or undertaking is provided in relation to the accuracy or completeness of the Information. Information provided is subject to copyright and may not be reproduced, modified or distributed without the consent of the copyright owner. Except for any liability which cannot be excluded, Chant West does not accept any liability whether direct or indirect, arising from use of the Information. Past performance is not an indication of future performance. Chant West ratings and research are prepared by Chant West and are not connected in any way to research and ratings prepared by any of our related entities.

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