Sydney private equity firm Pacific Equity Partners is in talks to acquire ASX-listed SG Fleet. While the deal terms have not been agreed, three sources with knowledge of the situation said negotiations were “well-advanced.”
PEP has approached SG Fleet’s Andrew Reitzer-chaired board and has been granted due diligence, the sources said. PEP is advised by Barrenjoey, Citi and Allens while SG Fleet is taking its counsel from Bank of America and Gilbert + Tobin.
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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
