Street Talk
Houlihan Lokey set to be appointed at Rex, PAG tips in new capital
Regional Express administrator EY is expected to work with investment bank Houlihan Lokey to run a sale process for the embattled airline, Street Talk can reveal.
It comes after Rex’s private equity backer, PAG Asia Capital, funded new money to the administrator on Wednesday to allow the regional flights division of Rex to go into administration, according to sources with direct knowledge of the situation.
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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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