Anchorage picks up $70m asset-backed facility for Scott’s
It comes as the busy Gordon Brothers carves a niche in fuelling leveraged buyouts and funding PE-backed particularly where there’s big equipment books involved. Bankers and lawyers reckon they’re running around with all sorts of proposals.
Street Talk’s spotted Gordon Brothers in a few other finance facilities in the past year or so, including heavy earthmoving equipment National Group and Allegro’s acquisition of Toll Global Express.
“This financing will improve the company’s supply chain processes and delivery of cold foods and groceries to local supermarkets, ultimately benefiting Australian consumers,” Gordon Brothers senior managing director Matt Aubrey said.
Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years’ experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at [email protected]
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected]
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