# A major investor in Magellan Financial says poor disclosures about the investment house’s $1.6 billion proposed tie-up with Barrenjoey Capital.

*business · news · 2026-04-07 · Australian Financial Review*

## Key points

- Magellan Financial's $1.6 billion merger with Barrenjoey Capital Partners faces disclosure concerns.
- Barrenjoey will pay its key personnel a $45 million dividend before the merger completes.
- Katana Asset Management criticizes the late disclosure of the pre-merger dividend payment.
- Katana believes long-term commitments from key dealmakers still support the merger's strategic value.

**Companies:** Barrenjoey Capital Partners
**Countries:** Australia

[Read the full story on Australian Financial Review](https://www.afr.com/companies/financial-services/katana-looks-past-magellan-disclosure-blip-to-key-banker-lock-ups-20260407-p5zlwy)

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