Melbourne, 10 April 2024 - Findex, Australia's leading provider of integrated wealth management, advisory and accounting services, has announced
its new investment partnership with Australian and New Zealand private equity investment firm Mercury Capital.
Through its market leading Wealth Accounting model, Findex’s mission of providing holistic and integrated services to
its private and SME clients is enhanced by the growth-oriented Mercury partnership.
“With over half a million Australians expected to retire in the next five years, but two in three worried about having sufficient retirement funds, this partnership further enhances our ability to respond to the urgent need for cost-effective, high-quality,
integrated financial advice across Australia and New Zealand.Our scale and record of outstanding investment performance,
delivered through our market leading Wealth Accounting model is expected to be further enhanced by the partnership with
Mercury” said Findex Co-CEO, Matt Games.
"This transaction follows more than a decade of dynamic growth for Findex. During this time, we have significantly
expanded our accounting footprint and reach coupled with our market-leading wealth management services to over 100
locations in Australia and New Zealand. This new partnershipfurther fuels our ambitions to triple the size of our
business over the next five years,” said Games.
The partnership will see Mercury Capital acquire KKR’s approximate 40 percent stake in Findex, providing additional
investment capital as well as the appointment of new representatives to the Findex board.
“We were attracted to Findex’s unmatched competitive position in both wealth management and accounting services, and its
compelling regional foothold outside metro areas. Findex’s strong growth profile, management capabilities, deep digital
investment and low-risk salaried adviser model which brings Accountants and Financial Planners together under one roof
creates an exciting opportunity for enhanced, market-leading service provision. It positions Findex to continue to
significantly expand its business across Australia and New Zealand,” said Mercury Capital Founder and CEO, Clark
Perkins.
“This exciting new relationship with Mercury Capital demonstrates that Findex is comfortable with and adept to
partnering with smart capital to better enable Findex to further expand and enhance our best-in-class financial services
to a vast demographic of business and private clients which are typically under-served, particularly in regional areas.
Our model also provides unparalleled career opportunities, diversity and the most flexible working environment and
choice said Findex Founder and Managing Director, Spiro Paule.
“With our focus firmly on customer value and transparency over more than 30 years, Findex’s model of combining best
practice wealth management advice with accounting services via the one skilled multi-disciplinary firm is undoubtedly
leading the charge in the industry and saving businesses and the people in them significant time and money. This has
never, been more critical as cost, skills shortages, and supply chain and disruption issues mount,” added Paule.
Findex is the largest Australian-founded provider of integrated wealth management, advisory and accounting services and
has maintained strong market growth, expanding its operations from just 100 to 2,500 staff members across more than 100
locations throughout Australasia over the past decade. The partnership will leverage Mercury Capital's deep
understanding of the Australian and New Zealand markets and their extensive experience working with business owners and
management teams to deliver exceptional growth outcomes. The new partnership will focus on building the Findex team and
investing further in technology to help grow Findex’s business to its target markets.
The transaction is expected to conclude on 9 April 2024 and will make Mercury Capital and Findex staff and executives
the majority owners of Findex’s unique platform with significant unrealised potential.