Macquarie Group continues its aggressive run of acquisitions, snapping up ANZ Banking Group's Esanda Dealer Finance for $8.2 billion, coinciding with an earnings upgrade foreshadowing a record annual $2 billion profit.
The purchase of the Esanda division follows more than 12 purchases by Macquarie this year as the bank returns to generating fees from transactions.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
