Australian Capital Group has acquired a stake in Australian Real Estate Finance Group Pty Ltd (AREFG), Raine & Horne Financial Services and Hub Finance.
Hub Finance is a substantial stakeholder in boutique aggregator Custom Equity Group.
The acquisition will also see Australian Capital Group indirectly acquire interests in Plus Corporate superannuation.
Australian Capital Group chief executive officer Barry Parker said he is excited about the acquisition and what it means for the business moving forward.
Mr Parker said the acquisition will allow the group to build strong referral networks with each of the businesses.
“The businesses we have partnered with share our philosophy of taking care of customers for their full financial lives; this is going to be a win-win relationship,” he said.
