# 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.

- Type: Acquisition
- Announced: 2020-08-21
- Where: Australia, Australia
- Value: $360.0M (500.0M AUD)
- Status: announced
- Products: equipment finance

## Companies

- [Cerberus Capital Management](https://endata.com/companies/4142.md) (acquirer)
- [Westpac Group](https://endata.com/companies/49354.md) (target)
- [Angle Finance](https://endata.com/companies/49355.md) (partner)

## Sources

- [cerberus.com](https://www.cerberus.com/media/cerberus-announces-acquisition-of-westpacs-strategic-alliances-vendor-finance-business/), 2020-08-21: "Cerberus today announced that one of its affiliates has entered into an agreement to acquire the Strategic Alliances (Vendor Finance) business of Westpac Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.