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SYDNEY—Insignia Financial on Monday said Bain Capital has matched a US$1.8 billion takeover offer by CC Capital Partners, intensifying a tussle for control of the Australian wealth manager.

Credit: ARMMY PICCA /Shutterstock. US-based Bain Capital has increased its takeover bid for Australian wealth manager Insignia Financial to A$2.87bn ($1.76bn). The offer matches the indicative ...

After its initial advances were rejected in December, Bain has returned to ASX-listed Insignia with a $4.30 per share offer that values the wealth manager at $2.9bn, matching that made by peer CC ...

The bid, which exceeds an earlier offer from Bain Capital, offers shareholders $4.30 per share in cash for control of Insignia Financial or the alternative of being rolled up in an unlisted ...