Homegrown powerhouse Federation Asset Management is seeking to transform Australia’s $2 trillion retiree residential real estate market after nabbing Peter Szabo’s interest in Homesafe Solutions, an equity release business he founded almost two decades ago and grew alongside ASX-listed Bendigo and Adelaide Bank.
Street Talk can reveal Federation and Szabo inked a deal on Saturday which will see the private equity firm acquire 100 per cent of Homesafe’s share capital and restructure the board.
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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
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
