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New Deal


Announced

Completed

Cerberus Capital Management completed the acquisition of Axsesstoday for $179m.

Financials

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Transaction Value£141m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Consumer Lending

funding solutions

Private Equity

Australia

Single Bidder

Friendly

Completed

Majority

Synopsis

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Cerberus Capital Management, an American private equity firm, completed the acquisition of Axsesstoday, a provider of equipment finance solutions to small and medium businesses in Australia, for $179m. “Axsesstoday is a recognized specialist lender for commercial equipment for businesses across Australia. We look forward to leveraging our industry expertise, operating experience, and financial resources to expand the Company’s platform. Together with the Axsesstoday team, we are confident we will be able to strengthen the Company, capitalize on growth opportunities, and meet the equipment financing needs of customers,” Lee Millstein, Cerberus Global Investments President.

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