Anchorage Capital to acquire AHG Refrigerated Logistics from AP Eagers for $65m.

Private equity firm Anchorage Capital agreed to acquire AHG Refrigerated Logistics, the refrigerated logistics division of Australian automotive retail and logistics firm Automotive Holdings Group, from AP Eagers, Australia's oldest listed automotive retail group, for $65m. "The sale of AHG Refrigerated Logistics is consistent with our strategy to focus on our core automotive retailing business. The transaction follows an extensive sale process to find a buyer for the Refrigerated Logistics business on the optimal price and terms," Martin Ward, AP Eagers CEO and Managing Director.