Sale of Hastings international businesses to Northill

MEDIA
RELEASE
20 DECEMBER 2017

Sale of Hastings International Businesses to Northill Capital
Westpac Banking Corporation (ASX:WBC) (“Westpac”) and Northill Capital (“Northill”) have
announced today that Westpac’s subsidiary Hastings Management Pty Limited (“Hastings”) and
Northill have entered into a definitive agreement in relation to the sale and purchase of the
international businesses of Hastings managed out of the United Kingdom and United States. The
transaction is subject to regulatory approvals.
Hastings and Westpac will continue to work with Northill to ensure the transfer of the Hastings
international businesses is executed in a manner that supports clients, employees and other
stakeholders.
Westpac has confirmed that the Hastings Australian business will continue to fulfil its contractual
obligations to all clients.
Northill will be investing over the long term to further develop Hastings’ international businesses from
their position as a top 40 global infrastructure specialist. The businesses manage a portfolio of
infrastructure debt and equity assets across the US, UK, Europe and Australia for a number of leading
global institutional investors.
Northill is excited to expand their capabilities and is committed to supporting Hastings’ international
businesses to ensure long-term successful outcomes for all clients.
ENDS
Westpac Media Enquiries
David Lording
Group Head of Media Relations
M +61 419 683 411
dlording@westpac.com.au

Westpac Investor Relations
Nicole Mehalski
+61 2 8253 1667
M +61 466 434 631
nicole.mehalski@westpac.com.au
Northill Capital
Sally Todd
+44 20 7016 4121
sally.todd@northill.com


Northill Capital
Northill Capital is an independent, privately held asset management business, established in London in 2010, with substantial
financial backing from interests associated with the Bertarelli Family. Northill’s long-term strategy is to build a portfolio of high
quality, specialist asset management businesses. Assets under management by businesses in which Northill owns a majority
interest total approximately US$48 billion (as at 30 September 2017). Northill brings deep industry experience and expertise
and the patient, long-term application of substantial private capital to support skilled investment professionals to develop their
businesses. Northill Capital LLP is authorised and regulated by the Financial Conduct Authority. www.northill.com