Centrepoint Alliance Completes 51% SEQ Advice Buy

Centrepoint Alliance Limited (ASX:CAF) confirmed it has completed the acquisition of a 51 per cent controlling interest in SEQ Advice Group Pty Limited, named in the announcement's title as South East Queensland Advice Group, following satisfaction of all conditions precedent under the transaction documents. The acquisition was initially announced to the ASX on 26 August 2026 and completed on 1 September 2026, on which date Centrepoint acquired majority ownership and control of SEQ. Centrepoint paid an initial Tranche 1 cash payment of $0.5 million, which will be offset against the total Tranche 1 consideration payable, and the agreed transaction and governance documents, including the new shareholders' deed and call option deed, became effective. The announcement does not state the total consideration for the transaction.

The balance of the Tranche 1 consideration remains subject to the agreed completion and FY27 maintainable EBITDA, together with agreed balance sheet completion statement adjustments, and is expected to be settled on a deferred, debt-funded basis in September 2027. The transaction retains the previously announced pathway for Centrepoint to increase its ownership to 75 per cent, subject to agreed performance, client-transition and succession outcomes, with approximately 25 per cent intended to remain with continuing advisers and key personnel in the medium term. Centrepoint also holds a call option to acquire the remaining 25 per cent ownership interest, expiring on 1 September 2036. SEQ's existing management and adviser team will continue to operate the business, with Centrepoint supporting its growth, governance and succession objectives.