Buyout firm Anchorage Capital Partners has assembled a who’s who of financiers in Australia and across the Tasman to bankroll its acquisition of EL&F, a long-held asset of New Zealand’s Maui Capital., led by managing director Jake Haines, provide the bulk of the debt. Haines is joined in the syndicate by sovereign wealth fund NZ Super and Bob Sahota’s Sydney private debt house Revolution Asset Management, sources said.EL&F was acquired in the Maui Aqua fund which was raised in 2012.
As Street Talk reported in April, Maui Capital told its investors that following a sale process which attracted bids from Japanese behemoths, Shinsei Bank’s UDC Finance and Orix Corp, Anchorage presented a clear path to acquire both divisions, and would deliver a clean exit. Macquarie debt boffin Alhad Bhalerao and APAC head of sponsors Dragi Ristevski advised ACP alongside ForsythBarr’s James Dykes. Maui had Toby Groser from Montarne and Tim Tubman from Chapman Tripp on the tools.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of the Street Talk column.