Anchorage Capital Partners Acquires EL&F with Backing from Major Financiers

Anchorage Capital Partners has successfully acquired EL&F, a long-held asset of New Zealand's Maui Capital, marking a significant transaction in the private equity space. The acquisition was made possible through financing from a syndicate of prominent investors, including Pacific Equity Partners, NZ Super, and Revolution Asset Management.

Pacific Equity Partners' capital solutions unit, led by Managing Director Jake Haines, provided the bulk of the debt for the acquisition. This unit has a strong reputation for supporting significant deals in the industry. NZ Super, New Zealand's sovereign wealth fund, also played a vital role in the financing arrangement. Additionally, Revolution Asset Management, a Sydney-based private debt house led by Bob Sahota, contributed to the funding.

This acquisition highlights Anchorage Capital Partners' ability to assemble a diverse group of financiers to support its acquisition strategy. The collaboration of prominent financiers from Australia and New Zealand highlights the complexity and scope of the transaction. The deal also reflects the confidence of these investors in Anchorage Capital Partners' capabilities and the potential of EL&F.

Anchorage Capital Partners has a track record of success in the critical asset leasing and maintenance sector. The firm previously divested Rail First for a four-times return, demonstrating its expertise and strategic acumen in managing and growing valuable assets. This experience likely played a significant role in securing the necessary financing for the EL&F acquisition.

Why this matters: This acquisition highlights the growing trend of private equity firms acquiring critical assets, which can have significant implications for the industry and economy. The success of this deal may lead to more such transactions, shaping the future of the private equity space.

While specific financial details and terms of the acquisition have not been disclosed, the involvement of such prominent financiers suggests a substantial investment. The synergy between Anchorage Capital Partners and its financiers will be vital in the successful integration and growth of EL&F under new ownership, leveraging their expertise in mergers and acquisitions.

Anchorage Capital Partners' acquisition of EL&F from Maui Capital, backed by Pacific Equity Partners, NZ Super, and Revolution Asset Management, marks a significant milestone in the private equity sector. The deal not only highlights the firm's strategic capabilities but also the confidence of leading financiers in its potential for success.

Key Takeaways

• Anchorage Capital Partners acquires EL&F from Maui Capital.
• Pacific Equity Partners, NZ Super, and Revolution Asset Management provide financing.
• The deal highlights Anchorage's ability to assemble diverse financiers.
• The acquisition reflects growing trend of private equity firms acquiring critical assets.
• The deal's success may lead to more similar transactions in the private equity space.