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Showing 41 - 50 of 89 results for "Diversa"

Sargon buyers tap former PEXA chief as adviser

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... interest 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 ...

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 ...

Former Wallaby banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 APR 2020
... managing director of equity sales at Citigroup, former executive director of Pengana Capital and a former director of Diversa.

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... preference is to 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 ...

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 ...

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... not revealed. At the time of acquisitions, Sargon's agreed to a purchase price of $94.6 million across three assets Diversa Trustees, CCSL and Australian Executor Trustees. OneVue was owed $31 million by Sargon Capital, from when it sold its Diversa ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... its companies to an external, unnamed buyer in an exclusive sale agreement. These include business units such as AET, Diversa Trustees, CCSL. Although the sale price is currently unknown, it is thought to be much less than the original purchase price ...

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... group's other secured creditors OneVue, Westpac and Taiping Trustees. The eight companies, which include businesses like Diversa Trustees and CCSL, collectively have about $154 million in total liabilities. The $154 million in liabilities across ...

Sargon finds buyer for trustee business

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
... operations. At the time of acquisitions, Sargon's agreed to a purchase price of $94.6 million across three assets Diversa Trustees, CCSL and Australian Executor Trustees, which are a part of the sale. The full extent of assets sold is not yet known. ...

Sargon clouds OneVue results

KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
... sell the trustee business and other assets on an urgent basis. "We are unable to take ownership back of those businesses [Diversa Trustees and CCSL] as the sale was completed. However, we understand that we are the only material creditor of the business ...