POWERED BY MOMENTUM MEDIA
Link starts due diligence for Carlyle acquisition proposal
Link Group has started due diligence for the non-binding proposal from Carlyle Asia Partners V to acquire Link.
In an announcement to the Australian Securities Exchange (ASX), Link said its board had considered the proposal that was announced on 5 November, 2021, and that the proposal was subject to conditions including due diligence.
“The board considers that it is appropriate to provide Carlyle with due diligence information on a non-exclusive basis so that it can develop a revised proposal that is not subject to further due diligence and may be capable of being recommended to shareholders,” it said.
“The due diligence information will be provided subject to extension of the confidentiality agreement between Link Group and Carlyle, including the standstill.”
On 12 November, 2021, Link received another acquisition offer by Pepper European Servicing Limited to acquire its banking and credit management business.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
