Melbourne buyout firm BGH Capital is set to cross swords with the world’s biggest alternatives investor Blackstone in the battle to acquire Singapore Post’s Australian assets, including FMH and CouriersPlease.
Street Talk can reveal BGH has hired Jefferies Australia to help with diligence and funding for its tilt at SingPost’s local assets, which are understood to be making $100 million in annual earnings and could fetch a $1 billion price tag. BGH’s founding partner Simon Harle, who led TPG Capital’s investment in Asciano, is steering the SingPost tilt.
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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
