Allens has advised Cerberus Capital Management, L.P. and its affiliates (Cerberus), a global leader in alternative investing, on the acquisition of certain subsidiaries of Axsesstoday Limited (Axsesstoday). Axsesstoday is an Australian provider of equipment finance solutions to small and medium businesses.
The partnership between Cerberus and the Axsesstoday management team is Cerberus’ second successful acquisition in Australia. In 2018, it acquired Bluestone Group’s Australasian mortgage lending and portfolio servicing operations, which Allens also advised on.
‘Cerberus’ acquisition of SME equipment finance lender, Axsesstoday, is its second successful acquisition in Australia. We were delighted to work with Cerberus again, having previously advised on its acquisition of Bluestone Group’s mortgages business last year,’ said lead Partner Tom Story.
Allens advised on all aspects of the acquisition, calling on its expertise in Corporate/Private Equity, Restructuring and Insolvency, Disputes and Investigations, Banking and Finance and Employment.
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