PEP, CHAMP on short list to buy Loscam – sources

Loscam is not only Australia’s second pallet rental pool after CHEP, but also has established a strong presence in South Asia. The following report from Reuters covers the recent activity around the potential sale of Loscam by its owner, Affinity Equity Partners.

MELBOURNE, April 23 (Reuters) – Australian private equity firms Pacific Equity Partners and CHAMP are among firms advancing to the second round of bidding to buy pallet maker Loscam, three banking sources familiar with the process said.

Loscam owner Affinity Equity Partners is hoping to raise A$500 million to A$700 million ($460 million-$640 million) in the sale.

Read more at Reuters.com