CVC in talks for A$20bn Brambles takeover, potentially biggest PE deal in the country | AltAssets Private Equity News
Summary
Australian logistics company Brambles has confirmed it is in talks with CVC Capital Partners for a potential takeover. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter There is also no certainty that a binding proposal will be proceeded by CVC. The buyout group told analysts that it expects its initial public offering to take place in autumn or early 2023 It was reportedly set to launch its latest Asia fund in April targeting at least $6bn – well above the $4.5bn it collected for its predecessor vehicle. CVC previously breezed past its $4bn target for CVC Capital Partners Asia Pacific V, which it closed in 2020, and easily outdid the $3.5bn it gathered for Asia Pacific Fund IV in 2014. CVC hauled in €21.3bn for a final close of its eighth flagship fund in July last year, smashing its initial €17.5bn target.