Anchorage exits Australia rail operator
Australia’s Anchorage Capital Partners has sold local rail operator Rail First Asset Management for AUD 425m (USD 290m) to Dutch GP DIF Capital Partners and Amber Infrastructure of the UK.
Anchorage acquired Rail First in early 2019 when it was known as CF Asia Pacific for AUD 250m. The turnaround investor remarked at the time that the company had a dominant market position but had been...
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