Street Talk

TPG consortium packages up $1.38b bid for Smartgroup

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Sep 29, 2021 – 8.40am

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US private equity firm TPG Capital is leading a $1.38 billion bid for Australian salary packaging and fleet management services company Smartgroup.

Former Macquarie Capital banker Michael Carapiet is in the middle of another M&A situation. Rob Homer

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

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au