Monday
June 28, 2021
Good evening,
Westpac and Metcash headed the deal news today – one offloading its auto finance unit in a closely tracked auction, and the other making a surprise move to increase its stake in tools retailer Total Tools.
In Street Talk tomorrow, we recap Cerberus Capital Management’s Westpac play, including its whopper funding package, and consider what Qube Holdings is thinking about up-for-sale rail business One Rail Australia.
We also have news of a new private equity deal out of Anacacia Capital, and have obtained the flyer for CPE Capital’s latest auction candidate, StraitNZ.
Happy reading,
Sarah Thompson, Anthony Macdonald and Yolanda RedrupStreet Talk Editors
Citi and Bank of America are expected to help bankroll the US alternatives giant’s big push into Australia’s vehicle finance sector.
The coal exposure inside Macquarie’s OneRail Australia has given the ASX-listed Qube Logistics pause for thought.
The fire protection business is taking the fast track to interstate expansion, agreeing on a deal to acquire Brisbane Fire Protection.
Investment bankers have sent preliminary sale information to potential acquirers to fire the starter’s gun on a coming auction for the logistics company.
Amanda Hing is the latest high-profile recruit to join the new advisory and investment company.
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