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New Macquarie acquisition

by isleofman.com 10th April 2006
The owners of the Steam Packet Company are buying again: this time a roadside catering service in the UK.

The Australian investment bank is part of a consortium that purchased the business from Compass Group plc for an undisclosed amount.

The roadside catering business is called Moto and is a series of 43 shopping outlets across the UK motorway network, with outlets which include brands Upper Crust and Marks & Spencer Simply Food.

It adds to the ?800 million worth of assets currently sitting on the bank's balance sheet with a view to being included in more than a dozen satellite funds.

Last October it bought the Steam Packet, car parks in New York, two Canadian healthcare projects and a US water utility firm.

In late February, Macquarie also dropped an unsuccessful bid for the London Stock Exchange.
Posted by isleofman.com
Monday 10th, April 2006 01:17pm.

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