ClearView Wealth (CVW AU): 27th July Vote On Zurich’s Scheme
On the 24th Feb 2026, life insurance play ClearView Wealth (CVW AU) announced a Scheme with Zurich Insurance (ZURN SW) at A$0.65/share in cash (a 21.5% premium to last close).
Crescent Capital Partners, holding (or having control of) ~53% of shares out, is supportive. ClearView’s board is unanimously supportive. The Offer requires ACCC (done) and APRA clearance (outstanding). Looks clean
The Scheme Booklet is now out, with a Scheme Meeting on the 27th July, and expected implementation on the 20th August 2026. The IE (Grant Thornton) says “fair & reasonable“.
ClearView Wealth (CVW AU) is illiquid. Look away if this is not your bag.
The Trade:
Optically, terms appear okay.
Terms are towards the low-end of the IE’s range.
Still, >50% of the register is kicking out.
At A$0.642/share as I type, this is trading tight (1.2%/8.1% gross/annualised).
Unless you can take advantage of the franking credits.
Keep reading with a 7-day free trial
Subscribe to Aussie/Kiwi M&A/Events to keep reading this post and get 7 days of free access to the full post archives.