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JANA transitions to full management ownership

Investment consultancy JANA has been advised on its buyout of Insignia Financial Group’s minority shareholding, which sees JANA become fully management-owned.

user iconJerome Doraisamy 14 February 2023 Big Law
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Firm: Allens (JANA)

Deal: JANA has become fully management-owned, with the deal seeing JANA acquiring Insignia’s 45 per cent shareholding, having acquired a 55 per cent share of the business from MLC Wealth (subsequently acquired by Insignia Financial) in 2017.

Area: Corporate; merger and acquisition; banking and finance

Value: N/A

Key players: The Allens team was led by partners Jessica Choong and Ben O’Hoy, who was supported by associates Karla Hodgson and Yoni Baker.

Deal significance: Speaking about the deal, Ms Choong said: “It’s been our privilege to support JANA’s management team on its acquisition of the remaining interest in the business, and to have seen the growth and success of the business since our involvement in the initial management buyout.”

Mr O’Hoy added: “The private capital landscape has evolved significantly since JANA’s 2017 buyout, with private capital becoming an increasingly influential force in our investment markets. We look forward to seeing JANA continue to go from strength to strength in this new era for the business.” 

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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