Pinnacle Investment Management Group Limited (ASX:PNI) acquired 40% stake in Omega Global Investors Pty Ltd for AUD 4 million on July 23, 2018. As per the terms, AUD 2 million will be paid as upfront consideration and up to AUD 2 million earn-out subject to profitability milestones. In a related transaction, Pinnacle Management Investment Limited entered into an agreement to acquire 35% stake in Metrics Credit Partners Pty Limited for AUD 46 million. The founders of Omega are ex-Vanguard and will retain a majority stake. Pinnacle Investment Management Group will raise AUD 60 million at a price of AUD 5.50 per share to fund the acquisition. Nelson Lam and Glenn Dunn of Berkshire Capital Securities LLC acted as financial advisors and Hall & Wilcox Lawyers acted as legal advisor to Omega on the transaction. Pinnacle Investment Management Group Limited (ASX:PNI) completed the acquisition of 40% stake in Omega Global Investors Pty Ltd on July 23, 2018.