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Showing 11 - 20 of 33 results for %22Diversa Trustees Sargon%22

Sargon buyers announce execs, ditch Sargon name

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... Holdings, Cloverhill Group and Vista Credit Partners, were confirmed as the new owners of Sargon's operating entities (Diversa, CCSL, Tidswell and the Australian Executor Trustees entities that it bought from IOOF) on May 5. The company hasn't ...

Major OneVue shareholder says IRESS bid too low

KANIKA SOOD  |  FRIDAY, 12 JUN 2020
... proceeds of sales from Madison and Sequoia shares. OVH's recoveries from sale of other Sargon operating businesses like Diversa and CCSL are also under certainty as multiple Sargon debtors fight out for the proceeds in court. "I am a believer in ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
... OneVue has held control of it via secured interest in a Sargon Capital subsidiary over money owed by Sargon to it from the Diversa and CCSL sale. Bob Neill of Seaview Consulting was chosen by PwC to run the sale for OneVue. However, Sargon's Chinese ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... OneVue is looking to recoup about $31 million owed to it by under-liquidation Sargon Capital, from when it sold Diversa Trustees and CCSL business to Sargon. As of this morning, OneVue's receipts from all four avenues are under a cloud as fresh claims ...

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... there will be a $79 million shortfall. The three biggest of its creditors are Taiping Trustees ($99.5 million) followed by Diversa Pty Ltd ($31.3 million) and Trimantium Investments Management ($10.14 million). Wexted estimates that Taiping's claim ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... OneVue and Westpac, who will now have their claims decided in court. The sale, which was confirmed yesterday includes Diversa, CCSL, Tidswell and Australian Executor Trustees. OneVue yesterday said $29.6 million had been paid into an account controlled ...

Sargon buyers tap former PEXA chief as adviser

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... payments on its debt to a Chinese lender, it put eight subsidiaries that hold its operating businesses (such as Diversa Trustees) in voluntary administration under EY to protect its interests. New York financier and Sargon investor Teddy Wasserman emerged ...

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
... preferred bidder by the end of this week with to progress to exclusivity," OVH said in company filings. OneVue in 2019 sold Diversa and CCSL Trustees business to Sargon Capital for $43 million and was owed $31 million when Sargon's Chinese lenders sent ...

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... recover amounts owed to it at subsidiary-level (referring to eight Sargon subsidiaries which own assets like Diversa Trustees and CCSL, and is currently in a sales process run by EY). However, OneVue said, if the recoveries at subsidiary level are not ...

OneVue marks territory on Sargon sale proceeds

KANIKA SOOD  |  MONDAY, 6 APR 2020
... their position as a creditor in Sargon Group. As a result, OneVue has asserted its vendors' lien over the sale of Diversa and CCSL. EY, as the voluntary administrator, has agreed not to distribute or deal with the total net proceeds of the sale until ...