NEWS

Allens advises Cerberus on acquisition of specialist SME lender

Banking Employment & Safety Financial Services Financing Mergers & Acquisitions Private Equity Restructuring & Insolvency

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.

Allens legal team

Corporate / Private Equity

Tom Story (Partner), Noah Obradovic (Managing Associate), Chris Travers (Senior Associate), Natasha Ng (Associate), Andrew Mon (Lawyer) and Aaron Wong (Lawyer).

Restructuring and Insolvency

Chris Prestwich (Partner), Ryan Jameson (Associate) and Ellen Trevanion (Lawyer).

Disputes and Investigations

Peter Haig (Partner) and Andrew Shetliffe (Senior Associate).

Banking and Finance

Benjamin Downie (Partner), Renee Boundy (Partner), Zac Kedgley-Foot (Senior Associate) and Mona Abu Zalaf (Law Graduate).

Employment

Sikeli Ratu (Managing Associate).

 

Ends

Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.