16.01.2015 - GIC, Ironbridge plan IPO of Australian car-lease firm FleetPartners
Singapore sovereign wealth fund GIC and Australian private equity firm Ironbridge Capital are planning an initial public offering of FleetPartners Ltd in a deal that would value the car leasing company at about US$615 million, a source said. The IPO was expected as early as April, the person, who had direct knowledge of the matter, told Reuters on Wednesday. It was not clear yet how much of the company was up for sale but the source said between 50 and 80 per cent is likely to be on the block. He did not want to be named as the transaction was confidential...............................................Full Article: Source
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