Good evening,

Start your engines. Tonight, we reveal which local private equity firm is making a strong push to buy Australia's second largest car rental company, Hertz Australia, from its US-based owner Hertz Global.

Hertz Global went into administration in May this year, saying the pandemic's impact on travel demand had caused its revenue to fall off a cliff. The local buyout firm running the numbers is a known turnaround specialist and is understood to have reached out to Hertz Global, which is drowning in $US19 billion of debt.

Meanwhile, we've got the scoop on which global PE outfit has opened a file on embattled financial services company AMP.

Finally, we take a look at why Coca-Cola Amatil's takeover spells last drinks for what was once a highly sought-after round in equities research teams.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors