Insignia Financial (IFL AU): CC Capital Wades In With A $4.30/Share NBIO

• Last month, wealth manager Insignia Financial (IFL AU) announced - and subsequently rejected - a A$4.00/share non-binding and indicative proposal from PE outfit Bain Capital.

• The question was whether Bain returned to the well, in a space where Regal (RPL AU) recently binned its Platinum (PTM AU) tie-in; and Perpetual (PPT AU)'s carve-out has hit a snag.

• Roughly two weeks after that Bain rejection, US-based asset investment manager CC Capital Partners has now tabled a A$4.30/share, in cash, non-binding Offer. That's probably enough for Insignia to engage.