Westpac Banking Corp has hired Greenhill’s Australian investment banking team to test appetite in BT’s superannuation business.
Street Talk can reveal Westpac has asked Greenhill’s bankers to talk to private equity funds, superannuation industry players and other potential acquirers, to gauge whether they would be interested in a standalone retail super business and what they may be willing to pay.
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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
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
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
