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Announced

Brookfield Business Partners to acquire La Trobe from Blackstone for $1.1bn.

Financials

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Transaction Value£836m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Asset Managers and Custodians

Private

Pending

Australia

credit management

Acquisition

Majority

asset management

Cross Border

Private Equity

Synopsis

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Brookfield Business Partners, a global business services and industrials company focused on owning and operating high-quality businesses, agreed to acquire La Trobe, an Australian non-bank lender and asset manager, from Blackstone, a private equity firm, for $1.1bn. "We are pleased to expand our presence in Australia with the acquisition of La Trobe Financial, one of Australia’s leading mortgage originators and asset managers. We intend to invest in La Trobe Financial to support its growth and look forward to building on the business’ foundation of continuous growth and profitability," Len Chersky, Brookfield Business Partners Managing Partner.

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