Wilson Group Limited (ASX:WIG) agreed to acquire remaining 25% stake in Pinnacle Investment Management Limited from Ian Macoun and other shareholders of Pinnacle Investment Management Limited for AUD 38.9 million on May 17, 2016. Wilson Group Limited will issue shares to the sellers such that they will own 25% of the issued capital of Wilson Group Limited when the transaction is completed. Ian Macoun will sell 14.2% stake, and the remaining 10.8% stake will be sold by various other Executives of Pinnacle. In a separate transaction, the Pinnacle Investment Management Limited sellers have also reached an agreement with Deutsche Bank Group to acquire 10.3 million shares or an additional 7% interest in Wilson Group Limited post transaction, for AUD 0.95 per share cum-dividend and conditional on the successful completion of the transaction. Post transaction, including the dilution impacts of the proposed transaction, Deutsche Bank Group’s shareholding will reduce from 18.6% to 7%. The number of shares to be issued to the Pinnacle Investment Management Limited sellers is approximately 37 million shares. Wilson Group Limited will have full control of Pinnacle Investment Management Limited after the completion of the transaction. Following the conclusion of the transaction and subject to shareholder approval, Wilson Group Limited will be re-branded and change its name to Pinnacle Investment Management Group Limited.Subject to completion, Ian Macoun will be appointed as Managing Director of Wilson Group Limited. Ian Macoun will own approximately 18.9% of Wilson Group Limited following the proposed transaction. Completion of the share sale agreement will not occur until a number of conditions precedent have been satisfied or waived, including the following: Receipt of an independent expert’s report opining that the transaction is favourable to non-associated shareholders; Certain current loans to the Pinnacle Investment Management Limited sellers being cancelled and re-issued under Wilson Group Limited’s Employee Option Share Plan and new security being provided; The Pinnacle Investment Management Limited sellers receiving a tax ruling from the Australian Taxation Office confirming that the Wilson Group Limited shares they receive in exchange for their Pinnacle Investment Management Limited shares will be eligible for capital gains tax roll over relief; Shareholder approval of the transaction for the purposes of the Corporations Act, the Australian Securities Exchange Listing rules and all other purposes. The transaction is expected to close in August 2016 subject to satisfaction or waiver of conditions precedent. The transaction is expected to be earnings accretive due to the enlarged earnings base combined with expected overhead savings between Wilson Group Limited and Pinnacle Investment Management Limited of AUD 1.0 million. The extra ordinary general meeting of shareholders of Wilson is scheduled to be held in late July 2016. As of August 16, 2016, deal was approved by the shareholders of Wilson. The transaction is expected to close in July or August 2016. The transaction is earnings accretive. Blackpeak Capital acted as financial advisor and Clayton Utz acted as legal advisor to Wilson Group Limited.