Jun
29
Private Equity Firms Circle Australian Car Finance Company
BySydney, AUSTRALIA — The American private equity firms Carlyle Group and TPG are in discussions to buy Esanda, Australia’s second-largest auto financing business, according to people briefed on the matter.
Carlyle and TPG are bidding separately for Esanda, which has $6.3 billion in lending assets. They face competition to buy the 62-year old business from Macquarie Group, according to the people, who spoke on condition of anonymity. Nonbinding bids were due on Monday.
Sydney-based Macquarie, Australia’s biggest investment bank, wants to combine Esanda with its own vehicle financing business, Macquarie Leasing, the third-largest such business in the Australian market…
Private Equity Firms Circle Australian Car Finance Company
