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Old faces in Cerberus camp for Westpac auto
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Alternatives bigwig Cerberus Capital is putting the band back together for Westpac’s auto loans divison auction.
Cerberus, headed in Australia by former CVC dealmaker David McWilliam, and its portfolio company Angle Finance are into the Westpac auction’s second round.
While Cerberus’ team is capable of putting the bid together, it is understood the firm has retained Sydney-boutique Faraday Associates for some strategic and financial advice.
Street Talk.  
Peter Braig
Cerberus is making the bid via Angle Finance, which is its Australian non-bank lender that snapped up the Westpac’s vendor finance business last year. Faraday helped Cerberus with that acquisition, along with law firm Allens and financiers including Morgan Stanley, SocGen and Citi. ....

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