Anchorage picks up $70m asset-backed facility for Scott’s

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Private equity owned Scott’s Refridgerated Logistics has an extra $70 million to put towards its mooted turnaround, after securing a new asset-backed facility.

Street Talk can reveal Scott’s picked up the funding from investment and restructuring group Gordon Brothers, which valued more than of 2000 of Scott’s vehicles and plant and equipment assets before writing its cheque.

Matt Aubrey-run Gordon Brothers has popped up in a few deals this year including heavy earthmoving equipment National Group and Allegro’s acquisition of Toll Global Express.Scott’s is the country’s biggest integrated cold-storage logistics group, and was acquired by Anchorage in June 2020.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barnaby Joyce reveals why he didn’t push back on Morrison’s power grabJoyce said the Nationals risked losing its extra cabinet minister and staff they “weren’t entitled to” if he pushed back on Scott Morrison’s encroachment into the resources portfolio.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Barnaby Joyce reveals why he didn’t push back on Morrison’s power grabJoyce said the Nationals risked losing its extra cabinet minister and staff they “weren’t entitled to” if he pushed back on Scott Morrison’s encroachment into the resources portfolio. swrighteconomy If no one noticed the govt was 5 ministers short, why are they needed? Make the positions redundant and move on. swrighteconomy Because he's a weak gutted dog swrighteconomy Joyce was 'busy' with another one of his staff.
Source: smh - 🏆 6. / 80 Read more »

Barnaby Joyce reveals why he didn’t push back on Morrison’s power grabBarnaby Joyce said he was “absolutely certain” the party would lose its extra cabinet minister he had negotiated upon retaking the leadership had he confronted then-prime minister Morrison over his encroachment into the resources portfolio. A man of integrity 🤦‍♂️ Haha! Amoral Any old excuse will do.
Source: theage - 🏆 8. / 77 Read more »

New Energy Solar gets NAV for US assetsNew Energy Solar’s decision to sell assets and return capital to investors has been vindicated.
Source: FinancialReview - 🏆 2. / 90 Read more »

Disability service platforms cut staff as start-up downturn comes to NDISMany Australian start-ups have cut staff in recent months, but most do not have as crucial a role in their customer’s lives as Mable and Hireup. angusthomson_ Both maybe alright in big cities but are both useless in regional areas. Constantly get sent jobs that are 100-150kms away. Like all big NDIS companies I’m sure the CEOs haven’t taken a pay cut just got bigger bonuses angusthomson_ I’ve read that so many people on their platforms sign up but never get any work angusthomson_ The NDIS budget is blown.
Source: smh - 🏆 6. / 80 Read more »

This edtech start-up defies funding squeezeEducation technology start-ups are proving resilient to the tough funding market conditions, with Intellischool the latest to raise fresh funds.
Source: FinancialReview - 🏆 2. / 90 Read more »