Royal Bank of Canada agrees to acquire TA Associates-backed Yarra Capital Management
RY•Royal Bank of Canada will acquire 100% of Yarra Capital Management, adding approximately A$18 billion in assets under management. The deal is expected to close by the end of 2026, subject to regulatory approvals.
1. Acquisition details
Royal Bank of Canada will bring Yarra Capital Management into RBC Global Asset Management. Yarra’s current shareholders, TA Associates and Amova Asset Management, will exit their investments.
2. Expected closing
The acquisition will add approximately A$18 billion in assets under management and expand RBC Global Asset Management’s Australian presence. Closing is expected by the end of 2026, subject to regulatory approvals.
