Corporate Travel boss and major shareholder Jamie Pherous wasn't joking when he told our colleague Liam Walsh he was getting ready to lash out on an acquisition only a fortnight ago.
“It’s created acquisition opportunities like never before,” Pherous said, referring to COVID-19 and its impact on the travel sector. “No one else has the ability to buy anything or [have banking] covenants that permit buying.”
Neobank Alex, which was set up and is run by a pair of former Suncorp executives, has spent the past few weeks in front of family offices and institutional investors.
Australian health and beauty products company Bio-E is back in front of potential buyers, seeking a new owner that can make the most of its inroads into the Chinese market.
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