Street Talk

IFM Investors acquires 49pc stake in $200m rideshare financier Splend

Sarah Thompson, Kanika Sood and Emma Rapaport

Jan 15, 2025 – 8.45am

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Car leasing is shaping up as the next battleground for private equity deal makers.

Street Talk can reveal just as Pacific Equity Partners deal makers get cracking on their take-private of the $1.2 billion SG Fleet, IFM Investors’ private equity team has dug up a smaller rival it reckons is primed for explosive growth.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.