Aug 10, 2026 – 4.01pmEQT’s Singapore-based dealmaker Nick Macksey is expecting to sink his teeth into a deeper set of diligence materials at Perpetual this week, an important step in his long-running aspiration to buy the ASX-listed funds management and corporate trust group.But there could be a late interloper. Global asset manager Janus Henderson is breathing down the Swedish private equity giant’s neck and has Morgan Stanley on hand for advice, according to people with knowledge of the matter who asked for anonymity to speak freely.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?