Perpetual Limited announced on 5 June 2026 that it has agreed to acquire a 70% stake in Interfi Systems, a privately owned loan servicing technology provider based in Victoria. The acquisition represents a targeted expansion of Perpetual’s Corporate Trust division and reflects management’s commitment to building capabilities in digital solutions for the non-bank lending market. Interfi services approximately $55 billion in assets under administration and operates a purpose-built platform that manages loans from settlement through to discharge, offering loan administration, arrears management, recovery and collections, and special servicing capabilities.
The deal structure provides Perpetual with flexibility for future growth. The company will initially acquire 70% of Interfi, with an option to acquire the remaining 30% by the end of FY31. This staged approach allows Perpetual to integrate the business and validate the strategic benefits before committing to full ownership. Notably, Interfi’s founder and managing director, Michael Dilworth, will continue leading the business post-acquisition. The transaction is expected to complete before the end of June 2026, subject to conditions precedent, and will be funded from internally generated cashflows.
The acquisition fits squarely within Perpetual’s stated strategy to strengthen its Digital and Markets division. The company intends to integrate Interfi’s platform with its own Perpetual Intelligence system to create a broader digital ecosystem. This combined capability would allow Perpetual to offer clients an automated end-to-end solution spanning lending through to securitisation. For Perpetual’s Corporate Trust business, which has undertaken several strategic bolt-on acquisitions over the past four years, this move extends its competitive position in a market where technology-enabled servicing is increasingly demanded by non-bank lenders.
Beyond the acquisition, Perpetual also updated the market on its debt position. The company expects gross debt to decrease by approximately 15% for the period to 30 June 2026. Gross debt stood at $742 million as at 31 December 2025, meaning the expected improvement would bring it to around $630 million by quarter end. This deleveraging occurs against a backdrop of debt facility repayments completed late in the period and reflects Perpetual’s focus on balance sheet strength alongside growth investments like the Interfi acquisition.
For investors, the announcement signals management’s confidence in Perpetual’s cash generation capability and its ability to fund growth without dilution. The combination of debt reduction and strategic acquisition spending demonstrates disciplined capital allocation. The next milestone to monitor is completion of the Interfi acquisition before end of June, followed by first-half FY27 earnings disclosure, which will offer insight into integration progress and any early revenue or cost synergies from the combined businesses. This announcement is price sensitive and has been flagged as material by the ASX.
View the full ASX announcement (PDF)
About Perpetual Limited (ASX: PPT)
Perpetual Limited is an independent financial services group that provides investment management, wealth advice, and corporate fiduciary services globally. The company operates through three segments: Asset Management, which is a global multi-boutique asset manager; Wealth Management, offering financial planning and trustee services to high-net-worth clients; and Corporate Trust, providing fiduciary and digital solutions to the banking and financial industry. The company is headquartered in Sydney, Australia and was founded in 1886.
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