Buyers line up for Westpac car loan portfolio
Westpac’s plans to sell its $11bn car loans and dealer finance portfolio through Morgan Stanley appears to be drawing a large crowd.
Westpac’s plans to sell its $11bn car loans and dealer finance portfolio through Morgan Stanley appears to be drawing a large crowd.
This week is shaping up to be crunch time for a number of initial public offering prospects, with the $1 billion-plus Peter Warren Automotive set to be releasing analyst research.
Blackstone’s low-ball offer for Crown may just pave the way for a higher bid, but meanwhile it could have other targets in mind.
The Sydney-based Tartak family are understood to have weighed a sale of Bingo Industries to a European group in the months before it listed in 2017.
Carlyle is firming as a likely buyer of Woolworth’s $10bn-plus Endeavour drinks business, which houses the Dan Murphy’s liquor chain.
The owners and potential buyers of Link Administration face a dilemma over what should be done with the $2.9bn takeover target.
Harris Farm could be finally moving forward with plans for a sale, with the family owners giving more thought to the future of the business.
Sharemarket debut delayed by a day due to an ASX ‘processing omission’, adding to the exchange’s embarrassment.
Two other suitors have emerged in the $2.3 billion-plus competition for Bingo Industries, just days.
With the sale of Westpac’s mortgage insurance division to Arch Capital now out of the way, attention turns back to its life insurance business.
New names have emerged in the competition for Investec’s $1.2bn loan portfolio, which is up for sale.
JPMorgan has hired Mark Carlile to replenish its ranks after falling victim to a major poaching raid by Barrenjoey Capital
The world’s largest investment manager BlackRock is understood to be talking to AMP about an acquisition of its global equity and fixed income business.
Non-bank lender Latitude Financial is understood to have locked in a group of cornerstone investors ahead of an initial public offering.
Owen Hegarty’s EMR Capital is forging ahead with its initial public offering of its Golden Grove mine and Capricorn Copper assets.
The US-based private equity giant Kohlberg Kravis Roberts and the Nine Entertainment-backed Domain Group are understood to be exploring a move to team up with other partners to make a full bid for Link Administration Holdings.
Former Seven West Media boss Tim Worner has been tapped for the BlueBet board as the group moves ahead with its initial public offering plans.
The Growth Fund is understood to have sold its Planit business to Nomura Research Institute for about $300m.
Anticipation is building ahead of Friday’s Greensill creditors meeting, with observers keen to find out exactly which groups have exposure to the failed supply chain lender.
Some of Australia’s favourite snack brands could be about to go on the block as speculation mounts that drinks giant PepsiCo is priming for a sell-off.
Original URL: https://www.theaustralian.com.au/business/dataroom/page/195