Carlyle, Apollo miss out as Brambles cancels $2b asset sale
ASX-listed Brambles has announced that it has canceled it plans to raise cash by selling Recall, its information management business. The 10-month process was called to a halt because of low offers from potential buyers, which included a number of private equity firms.
"Amid challenging capital markets conditions, and following complex negotiations, offers from bidders for Recall did not reflect its value or offer sufficient certainty," Brambles Chairman Graham Kraehe...
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