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SME Law

Cerberus acquires Axsesstoday in second Australian M&A transaction

Allens has advised Cerberus on the acquisition of Axsesstoday.

October 07, 2019 By Naomi Neilson
Tom Story
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Firm: Allens (Cerberus Capital Management)

Deal: Allens has advised Cerberus Capital Management, LP and its affiliates on the acquisition of certain subsidiaries of Axsesstoday Limited.

Area: M&A.

Key players: The Allens team was led by partners Tom Story, Chris Prestwich, Peter Haig and Benjamin Downie. The team was supported by managing associate Noah Obradovic, senior associates Chris Travers, Andrew Shetliffe and Zac Kedgley-Foot, as well as associates Natasha Ng and Ryan Jameson.

Lawyers Andrew Mon, Aaron Wong and Ellen Trevanion also assisted, as did law graduate Mona Abu Zalaf.

Deal significance: Allens advised on all aspects of the acquisition, calling on expertise in corporate/private equity, restructuring and insolvency, disputes and investigations, banking and finance and employment.

The partnership between Cerberus and the Axsesstoday team is the second Cerberus acquisition in Australia. In 2018, it acquired Bluestone Group’s Australasian mortgage lending and portfolio servicing operations, which Allens also advised on.

Mr Story said: “Cerberus’ acquisition of SME equipment finance lender, Axsesstoday, is its second successful acquisition in Australia. We were delighted to work with Cerberus again, having previously advised on its acquisition of Bluestone Groups mortgages business last year.”

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Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

You can email Naomi at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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