Business
Greensill crunch deepens as Apollo deal teeters, Credit Suisse circles – The Australian Financial Review
A Silicon Valley tech company looks to have cast doubt on insolvent Greensill’s bid to sell its business to the US private equity giant.
The California-based company provides software that companies can use to carry out supply-chain finance. Not all Greensill clients used it, and not all Taulia clients used Greensill, but there was a flow of business in each direction.
Taulia on Wednesday (Thursday AEDT) confirmed it had talked to Apollo, but also revealed that in response to the Greensill challenges, it had now set up a consortium led by JPMorgan and including the likes of UniCredit, UBS and BBVA.
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