Macquarie Group, U.S. private equity giant Carlyle and China’s HNA Group are among the bidders shortlisted for ANZ Banking Group’s $6 billion-plus car and equipment loan book, five sources with direct knowledge of the matter said on Friday.
The deal, the second major sale of a finance portfolio in Australia after General Electric’s $7 billion consumer lending book in March, comes at a time when Australian banks are facing pressure to lift capital ratios under stricter regulations.
Private equity buyout firm KKR & Co bidding with Varde Partners, as well as a group comprising TPG and Blackstone failed to make it to the next round, three of the sources added. Final bids are expected by end-August.
(Reporting Swati Pandey and Sharon Klyne; Additional reporting by Byron Kaye; Editing by Stephen Coates)