Street Talk can reveal the company has closed off two more tranches exceeding $600 million by selling cash flows due from apartments at its Sydney Barangaroo residential development.
The buyers are unknown at this stage, but we hear there was strong appetite from local superannuation funds.
Lendlease has also called in Morgan Stanley to find a capital partner for its Shanghai senior living business, and upped the stakes in the sale of its communities business.
The offer, at just under $600 million, comes after TA submitted an indicative bid earlier this year for a controlling stake in the fast-growing accounting and financial advice group founded by former ANZ global advice boss Paul Barrett.
Finally, family-owned vitamin manufacturer Vitex is back in the market for a private equity investor. The 34-year-old business has instructed Macquarie Capital’s bankers to restart talks with potential backers, two years after an initial tour.
Happy reading, Sarah Thompson, Kanika Sood and Emma Rapaport Street Talk editors
Tony Lombardo has also calling in Morgan Stanley to find a capital partner for its Shanghai senior living business as he accelerates a turnaround plan.
The fast-growing accounting and financial advice group was founded by former ANZ global advice boss Paul Barrett in 2015 and is backed by Milan-listed Azimut.
