It was M&A Monday with a big leveraged buyout and a stunning offer from Aware Super (a financial investor beating a strategic) on the same morning.
In a strong sign that confidence is returning to M&A markets after the COVID-19 slowdown, Pacific Equity Partners teamed up with The Carlyle Group to table a $3.8 billion bid for Link Group — the same company it floated on the ASX in October 2015. The pickings are rich — even this time around — and the banking syndicates are littered with faces that have been feasting off Link for years.
Street Talk has taken a look at who else is set to benefit and how Perpetual's Paul Skamvougeras, one of the most powerful fundies in the market, helped the consortium get the deal over the line.
