Brookfield buys Australia non-bank lender for $1.1b
Brookfield Asset Management has agreed to acquire Australian non-bank lender and asset manager La Trobe Financial for about USD 1.1bn, facilitating an exit for The Blackstone Group.
Brookfield is investing via its flagship private equity vehicle, Brookfield Business Partners, which will provide USD 250m of a USD 765m initial equity payment. The balance will come from unnamed institutional...
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