Carlyle, Pacific Equity Partners issue offer for Link in Australia

Link Administration Holdings Limited, the Australian administrator, has received a conditional, nonbinding indicative proposal from a consortium including Pacific Equity Partners, Carlyle Group and their affiliates to acquire 100pct of the shares. The indicative cash price offered to shareholders under the proposal is AUD5.20 per share. Perpetual, which currently holds 9.65pct of Link Group, has sent a letter to the consortium, stating that it intends to vote any shares held at the time of any meeting in favour of the consortium acquiring 100pct of Link Group at a share price of no less than AUD5.20, should one proceed.