Centrepoint responds to the Diverger offer

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Centrepoint Alliance has issued a response to Diverger’s tender offer, but believes the offer does not accurately reflect the strategic value of the company.

In an announcement to the Australian Securities Exchange (ASX), Centrepoint Alliance said it was pleased that the offer highlighted the inherent value of the business, but did not reflect strategic value.

He also outlined the company’s merger and growth plans and how these had progressed over the past few months. This included the integration of ClearView’s consulting business and revenue diversification by Centrepoint Lending.

“Centrepoint has demonstrated its ability to execute its growth strategy by successfully completing and effectively integrating the acquisition of ClearView’s consulting business in November 2021, while being one of the few licensees to achieve growth net of advisors this year, at a time when many licensees have lost key advisors.

“Centrepoint is well advanced with plans to accelerate growth and diversify revenue by leveraging other capabilities such as Centrepoint Lending, growing its investment business by expanding its managed account offering and investing in services technology. to improve the effectiveness of its advisory process.”

The company said it was pleased Diverger’s offering was a “collaborative approach” to building a stronger business with the ability to participate in future growth.

The Centrepoint Alliance Board of Directors will meet this week to discuss the offer.

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