KKR, Domain team up for Pexa bid
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Private equity giant KKR & Co has netted a big fish in its quest for Australian property settlement platform Pexa.
Street Talk can reveal KKR is working with property listings and services giant Domain Holdings Australia on a joint bid for Pexaâs holding company Torrens Group Holdings, which is in play courtesy of a strategic review at Link Group.
More than 75 per cent of property transactions in Australia were settled via Pexa Exchange last year. Â
Glen McCurtayne
The KKR/Domain pairing seeks to match KKRâs deep pockets and dealmaking expertise - $US252 billion in assets under management and more than $US50 billion dry powder - with Domainâs knowledge of the Australian property market and desire to dominate âall of lifeâs property decisionsâ.