The private equiteers are back out for salary packaging, novated leasing and fleet management play Smartgroup, assessing whether it would be possible to pounce after a poor year and snap up the business for less than $1 billion.
Only 13-months after Smartgroup’s brief and unsuccessful fling with a PE suitor, buyout shops and credit funds have re-opened their files to try to work out what’s gone wrong and how easy it could be to turn performance around.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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
