Commonwealth Bank is running point on a star-studded refinancing of Allegro Funds-backed Team Global Express, underscoring the logistics group’s dramatic turnaround under chief executive Christine Holgate.
Street Talk can reveal Daimler Truck Financial Services and IFM Investors, which manages $217 billion for Australian superannuation funds, have provided senior debt as part of the $200 million deal, alongside CBA’s asset finance unit.
Loading...
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
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
