Business
You can keep PEXA: PEP, Carlyle offer to Link – The Australian Financial Review
Private equity firms Pacific Equity Partners and The Carlyle Group have a carrot for the PEXA bulls on Link Group’s share register.
However, it is understood that PEP and Carlyle valued PEXA at about $2 billion – so if the bulls think it is worth $2.5 billion or $3 billion, they could seek to retain their PEXA exposure.
Link owns 44.2 per cent of PEXA’s holding company, Torrens Group Holdings Pty Ltd, after spearheading a consortium that snatched the group away from a proposed sharemarket float in 2018.
PEXA allows Australian real estate buyers and sellers to settle transactions electronically, and was backed by state gove…
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