27 July 2020
Warakirri Asset Management Limited (Warakirri) has entered a strategic partnership with Flinders Investment Partners Pty Limited (Flinders) whereby Warakirri will acquire 50% of Flinders and provide capital to support the expansion and growth of the Flinders business.
As an established fund manager, Warakirri will provide Flinders with a full suite of services including administration, marketing and distribution. Warakirri’s support, together with the Flinders’ proven track record in Australian small cap investing, provides a strong platform for the growth of the Flinders business.
Established in 2015, Flinders is a specialist small companies manager that is responsible for managing the Flinders Emerging Companies Fund. With over 60 years of combined experience, the Flinders investment team, Andrew Mouchacca, Richard Macdougall and Naheed Rahman are partners in the business and investors in the fund.
Jim McKay, Warakirri Managing Director said: “We are excited to announce this partnership as we build out our multi boutique platform and importantly it provides Warakirri with a complimentary investment offering and diverse client base. Our investment will ensure Flinders’ ongoing success and importantly enable the investment team to continue to focus on delivering top quartile returns for small cap investors.”
Andrew Mouchacca, Flinders Portfolio Manager said: “We are excited about our new partnership which provides us with a stable and solid foundation for our clients and together with the experience and successful track record of both teams, delivers a platform for success into the future.”
Berkshire Global Advisors served as investment banking advisor to Warakirri on this transaction.