Powered by

Pacific Equity, Carlyle start due diligence of Australia's Link Adminstration

Nov 02, 2020 - SNL Financial
Mergers and Acquisitions

The superannuation administration service company decided to open its books to the investor group to help improve its buyout bid.

Link Administration Holdings Ltd.'s board will provide due diligence information on a non-exclusive basis to a consortium consisting of private equity firms Pacific Equity Partners, Carlyle Group Inc. and their affiliates after the consortium raised its cash takeover offer for the Australian superannuation administration service company.

The sweetened non-...