Australia’s Perpetual has signed an exclusivity deed with Bain Capital Private Equity as discussions regarding the possible sale of its Wealth Management arm move forward. The company stated in an announcement that there is “no certainty of reaching a binding agreement or that any transaction would proceed", and assured shareholders they will be kept informed in line with disclosure requirements. Earlier in 2024, Perpetual revealed it had reached A$2.18bn ($1.42bn) agreement with KKR to sell both its wea ...