NEWS & VIEWS

Global private equity and venture capital news and research

Super Group mulls SG Fleet IPO

28 Jan 2014

sydney harbour_sqFleet and supply chain management company Super Group is considering floating its private equity-backed Australian fleet division SG Fleet.

The company said it plans to retain a 51 per cent interest in the company, which is expected to list on a stock exchange in March. It noted that it has yet to make a final decision on the potential IPO, which would provide an opportunity for Australian private equity firm Champ Ventures to exit its 42 per cent stake.

SG’s EBITDA is expected to increase to A$66.8m in 2015 from A$61.7m this year, the company said in a statement.

A year ago Champ, which is headquartered in Sydney, exited its investment in building manufacturing and leasing company Australian Portable Buildings, which was sold for A$72.5m.

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014