prnewswire.com - Epos Now, a leader in cloud POS, trusted by over 30,000 retail and hospitality businesses with offices in both the USA and UK today announces that it has entered into an agreement to acquire Epos Systems Pty, one of Australia's leading POS providers. This new partnership will bolster the existing Epos Now team with world class talent to support its growing customer base in the Australian, New Zealand and Asian markets.
theaustralian.com.au - Quadrant Private Equity is believed to be preparing to sell Superior Food Services, an Australia-based food services distribution business, according to The Australian’s Dataroom. Quadrant merged Melbourne-based Superior Food Services and Sydney-based NFD Food Services in 2015, creating a larger national group to service customers across the hospitality, aged-care and health sectors. It is now the third-largest food services distribution business in Australia behind Bidvest and PFD Foodservices.
norskekog.com - Norske Skog, the Norway-based newsprint and magazine paper producer, today (7 February) announced it has entered into an agreement to sell its Tasmanian forest assets to a fund controlled by the Australia-based investment manager New Forests Pty Ltd. The purchase price for the assets is AUD 62.5m (NOK 388m).
theaustralian.com.au - Private equity firm Cerberus Capital Management has dropped out of the race for ANZ Bank's equipment loans business UDC Finance. Final bids for the business are due in March. Previous groups still said to be in the race were Apollo Global Management, TPG Capital and New Zealand’s Heartland Bank. Operating in New Zealand, UDC is a major asset finance company, providing funding for plants, vehicles and equipment, along with secure term investments and call accounts. Its loan book is worth about $2.5bn. In 2017 a deal for China’s HNA to buy UDC Finance for $628m collapsed when it was blocked by New Zealand’s Overseas Investment Office.
Management Advisors was established in 1995 and offers corporate advisory services, creates investment opportunities and raises finance from the capital markets to facilitate transactions. We work with owners, boards and management on a fee for service basis (advisory and completion) to deliver our services.
