PE buyout firms Carlyle, TPG and Blackstone are apparently in discussions to buy Esanda, Australia’s second-largest motor vehicle financing business.
Citing a source involved in the process, Reuters reports the sale could fetch a price higher than the A$8.3 billion ($6.35 billion) book value of the loans.
PE firms circling Esanda
According to a Reuters report, Germany’s BMW AG, Australia’s Macquarie Group and a host of U.S. private equity firms including TPG, Carlyle, Blackstone are expected to bid for Australia and New Zealand Banking Group’s more than AUD 6 billion car and equipment loan book.
Germany’s automaker and Australia’s top investment bank besides the buyout firms have reportedly requested information...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
