CC Capital Given Access to Insignia Books Amid Takeover Battle

Insignia Financial Ltd. gave CC Capital Partners access to some of its accounts for a limited time as it attempts to lure the US firm into a higher offer for the Australian wealth manager.

“The provision of limited due diligence does not guarantee that the CC Capital revised indicative proposal will result in a binding offer or one that is capable of being recommended by the board of Insignia,” Insignia said in a statement Monday.

CC Capital last week raised its takeover offer to A$4.60 per share, or about A$3.1 billion ($1.9 billion). It’s battling with Bain Capital as the ...