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The Link takeover is really about PEXA

Carlyle Group and Pacific Equity Partners are circling Link Market Services. But their main target might just be its 44 per cent stake in the PEXA online property settlements exchange.

Jemima Whyte
Jemima WhyteSenior reporter
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Back in late 2018, a bad night on the US sharemarket and an eleventh-hour decision by Link Market Services to sell shares scuttled plans to list PEXA.

At that moment, investor demand just wasn't strong enough in a book-build valuing the online property settlements exchange at $1.88 billion to $2.18 billion on a market capitalisation basis.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/the-link-takeover-is-really-about-pexa-20201028-p569c3