Cerberus acquires Westpac's Strategic Alliances business

Cerberus Capital Management agreed to acquire Westpac Group's Strategic Alliances (Vendor Finance) business, which will be combined with Cerberus portfolio company Angle Finance. The transaction involves about AUD 500 million in customer loans.

“Cerberus today announced that one of its affiliates has entered into an agreement to acquire the Strategic Alliances (Vendor Finance) business of Westpac Group.”cerberus.com

• 1 source
• cerberus.comCerberus Announces Acquisition of Westpac’s Strategic Alliances (Vendor Finance) Business - Cerberus Capital ManagementAug 21, 2020

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