Street Talk

McGrathNicol steps up insolvent trading probe at Scott’s Logistics

Sarah Thompson, Kanika Sood and Emma Rapaport

Aug 28, 2024 – 5.00am

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It’s an anxious time for Anchorage Capital Partners’ dealmakers ahead of Wednesday’s creditors’ meeting for Scott’s Refrigerated Logistics Group.

Sydney private equity investor Anchorage snapped up the cold-storage logistics group from car dealership group Eagers for $75 million in 2020 but Scott’s hit the skids three years later as COVID-19 and flooding caused its turnaround plans to crash.

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.