FleetPartners Group said on Wednesday it had received a ​takeover offer from a consortium led by Japan's Sumitomo ‌Corp , valuing the Australian vehicle lease provider at A$813.1 million ($582.26 million).

Australia's FleetPartners said on Monday it had received revised ‌offers from SG Fleet, Japan's ORIX and a consortium led by Sumitomo Corp , valuing the vehicle leasing firm at up to A$982.1 million ($702.2 million).

FleetPartners said on Monday it had received an indicative takeover proposal ​from private equity firm Pacific ‌Equity Partners to acquire the vehicle-leasing company for about A$760.3 million ($534.5 million), putting its ​shares on course for their ​biggest intraday percent gain in over ⁠six years.

FleetPartners said on Monday it had received an indicative takeover proposal ​from private equity firm Pacific ‌Equity Partners to acquire the vehicle-leasing company for about A$760.3 million ($534.5 million), putting its ​shares on course for their ​biggest intraday percent gain in over ⁠six years.

<a href='https://grafa.com/company/fleetpartners-group-ltd-1972'>FleetPartners Group </a><a href='https://grafa.com/asset/fleetpartners-group-ltd-1972-fpr.as

FleetPartners Group (ASX:FPR) is an asset listed on the ASX, and part of the Industrials sector. Grafa’s asset page shows FleetPartners Group ’s share price, c

Sept 14 : Australia's FleetPartners said on Monday it had received revised offers from SG Fleet, Japan's ORIX and a consortium led by Sumitomo Corp, valuing the vehicle leasing firm at up to A$982.1 million ($702.2 million).FleetPartners' stock jumped more than 12 per cent to a record high of A$4.64, as of 0

Sept 14 : Australia's FleetPartners said on Monday it had received revised offers from SG Fleet, Japan's ORIX and a consortium led by Sumitomo Corp, valuing the vehicle leasing firm at up to A$982.1 million ($702.2 million).FleetPartners' stock jumped more than 12 per cent to a record high of A$4.64, as of 0

Reported Sunday, Sep 13 - 8:17pm EDT (TheFly subscription required to read more.)

FleetPartners Group said on Wednesday it had received a ​takeover offer from a consortium led by Japan's Sumitomo ‌Corp , valuing the Australian vehicle lease provider at A$813.1 million ($582.26 million).

The $1.8 billion auction for ASX-listed vehicle leasing business FleetPartners has seen Smartgroup exit the bidding process, leaving Japan’s Orix, Pacific Equity Partners’ SG Fleet, and Canada’s Element Fleet Management as the remaining contenders. This development highlights the competitive nature of the auction, which has attracted significant interest from international players. The withdrawal of Smartgroup, a major player in the Australian vehicle leasing sector, underscores the complexity of the deal and the strategic importance of FleetPartners’ assets. Analysts suggest that the remaining bidders are likely to intensify their efforts to secure the business, given its potential for growth and profitability. The auction outcome could have significant implications for the Australian automotive industry, particularly in terms of market consolidation and operational efficiency. FleetPartners’ management has expressed confidence in the auction process, emphasizing the strong interest from potential buyers. However, the absence of Smartgroup may influence the final valuation and terms of the deal. This development reflects broader trends in the sector, where large-scale acquisitions are becoming more common as companies seek to expand their market share and diversify their portfolios.

The $1.8 billion FleetPartners auction, a significant deal in the Australian vehicle leasing sector, has seen one major bidder withdraw. Smartgroup, a prominent player in the industry, has decided not to proceed with its bid, leaving Japan’s Orix, Pacific Equity Partner’s SG Fleet, and Canada’s Element Fleet Management as the remaining contenders. This development highlights the competitive nature of the auction, which is expected to shape the future of fleet management services in Australia. FleetPartners, an ASX-listed company, has attracted considerable interest due to its strategic position in the market. The withdrawal of Smartgroup may impact the final valuation of the business, as fewer bidders could lead to a more cautious approach. Industry analysts suggest that the remaining bidders will likely focus on securing a deal that balances financial viability with long-term growth potential. The auction underscores the dynamic landscape of private equity investments in Australia, where companies often seek to expand through strategic acquisitions. While the outcome remains uncertain, the event reflects broader trends in corporate finance, where competitive bidding plays a crucial role in determining market value.

Element Fleet Management aims to expand its capabilities by acquiring FleetPartners Group at A$3.80 per share, enhancing its regional services.

Reported Sunday, Aug 9 - 7:49pm EDT (TheFly subscription required to read more.)

The Australian sharemarket opened lower on Monday following news that US President Donald Trump had paused plans for further strikes against Iran, which eased fears of a broader conflict but sent energy stocks lower. The S&P/ASX 200 fell 0.2% to 8957.8 by midday AEST, with energy and banking sectors leading the decline. Oil prices dropped to $79 a barrel, impacting companies like Woodside and Santos, which fell 1.8% and 2%, respectively. Meanwhile, FleetPartners shares surged 15.9% after a $770 million takeover bid from SG Fleet. Utilities emerged as a bright spot, with Origin Energy rising 2.2% amid recovery from a recent data breach. Financials were also under pressure ahead of earnings season, with major banks like Commonwealth Bank and Westpac falling 1.2% and 0.7%, respectively. Analysts warned of ongoing political risks in the Middle East affecting global energy supplies. Retailers also faced declines as investors braced for potential earnings disappointments amid concerns about an economic slowdown. The market's mixed performance reflects broader uncertainties about geopolitical tensions and domestic economic conditions.

<a href='https://grafa.com/company/fleetpartners-group-ltd-1972'>FleetPartners Group </a><a href='https://grafa.com/asset/fleetpartners-group-ltd-1972-fpr.as

Electric cars use far fewer components than petrol and diesel vehicles, putting long-term pressure on businesses like Autobarn, Burson, Amotiv and ARB.

FleetPartners Group (ASX:FPR) is an asset listed on the ASX, and part of the Industrials sector. Grafa’s asset page shows FleetPartners Group ’s share price, c

FleetPartners Group (ASX:FPR) is an asset listed on the ASX, and part of the Industrials sector. Grafa’s asset page shows FleetPartners Group ’s share price, c