Last $45.65 USD
Change Today -0.23 / -0.50%
Volume 7.1K
MQBKY On Other Exchanges
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As of 5:20 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

macquarie group ltd-adr (MQBKY) Key Developments

FlexiGroup, Varde And KKR Bids For GE Capital's Local Operations

FlexiGroup Limited (ASX:FXL), Värde Partners, Inc. and KKR & Co. L.P. (NYSE:KKR) joins race to acquire sales finance, credit cards and personal loans business of General Electric Capital Corporation, sources said. Indicative bids were submitted on December 12, 2014. FlexiGroup, Varde, and KKR are competing against consortium of TPG Capital, L.P., The Carlyle Group LP (NasdaqGS:CG), and The Blackstone Group L.P. (NYSE:BX) and Macquarie Group Limited (ASX:MQG) along with Pepper Australia Pty Ltd, Street Talk reported. Citi has reportedly been retained as advisor by FlexiGroup, Varde and KKR.

Porter Airlines Nearing Sale of Terminal At Billy Bishop Airport

Porter Aviation Holdings Inc. is nearing the sale of a passenger terminal Toronto's Billy Bishop Airport, according to three sources familiar with the process. Unnamed sources added, bidding process for the asset on the island airport is underway. Macquarie Group Limited (ASX:MQG) and Alberta Investment Management Corporation (AIMCo)are rumoured to place bid for the terminal, sources familiar with the process said. Source did not specify whether Macquarie would be bidding directly, or through one of the funds it manages. AIMCo is bidding for the asset in partnership with an infrastructure development focused firm, second source said. AIMCo and Macquarie declined to comment, Reuters reported. Citing unnamed people familiar with the matter, The Wall Street Journal reported earlier this year that sale could bring in more than $500 million. Vantage Airport Group Ltd. is another potential bidder, reported by Canadian media earlier this year. A spokeswoman for Vantage was not immediately reachable for comment, Reuters reported.

Macquarie Reportedly Among Bidders For Royal North Shore

The Royal Bank of Scotland Group plc (LSE:RBS) can expect four bids for Royal North Shore Hospital public-private-partnership, when the auction hammer falls on December 12, 2014, reported Australian Financial Review. The report added that Macquarie Group Limited (ASX:MQG) is among the bidders for Royal North Shore Hospital.

FlexiGroup May Not Remain In Race To Buy GE Assets

FlexiGroup Limited (ASX:FXL) may not remain in the race to buy General Electric Capital Corporation's AUD 7.5 billion-plus Australian and New Zealand consumer lending business. Potential suitors have begun digesting the details in the information memorandum for the GE business and have found it could be more profitable than originally thought. Based on a sale struck on a multiple of eight times earnings, a cheque of about AUD 2 billion would need to be written, almost double original estimates. So it is hard to see how FlexiGroup could make a deal work, sources say.Macquarie Group Limited (ASX:MQG) has been in talks about forming a consortium with Pepper Group and York Capital, but the latest expectation is that perhaps The Blackstone Group L.P. (NYSE:BX) could join with Macquarie or even TPG Capital, L.P., while Pepper Australia Pty Ltd. may not be part of the cluster. Other potential bidders are Wesfarmers, KKR & Co. L.P. (NYSE:KKR), Westpac Banking Corporation (ASX:WBC), and for the New Zealand assets only, Heartland Bank Limited.

CHAMP May Receive Bids For Alleasing

Bank of Queensland Ltd. (ASX:BOQ), FlexiGroup Limited (ASX:FXL), Macquarie Group Limited (ASX:MQG) and Pepper Australia Pty Ltd may bid for Alleasing Pty Ltd. for about AUD 400 million.

 

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Commerzbank AG €10.98 EUR +0.039
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Insurance Australia Group Ltd A$6.25 AUD +0.075
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SunTrust Banks Inc $40.55 USD +0.81
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MQBKY

Industry Average

Valuation MQBKY Industry Range
Price/Earnings 12.6x
Price/Sales 1.8x
Price/Book 1.3x
Price/Cash Flow 11.7x
TEV/Sales NM Not Meaningful
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