.
MergerLinks Header Logo

New Deal


Announced

Cerberus Capital to acquire Westpac Vendor Finance business.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

asset management

Single Bidder

Private

Friendly

finance loans

Pending

Australia

asset based loans

Majority

vendor finance

Private Equity

Consumer Lending

Synopsis

Edit

Cerberus Capital Management, a private equity firm, agreed to acquire the Vendor Finance business of Westpac Group, a financial services provider. Financial terms were not disclosed. “The sale represents the first transaction of the Group’s simplification initiatives and brings certainty for Vendor Finance customers and new opportunities for our people,” Jason Yetton, Westpac Chief Executive, Specialist Businesses.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US