Macquarie Bank Buys Inflation Company for US$470 million
A consortium led by the Macquarie Capital Alliance Group (MCAG), which is part of the Macquarie Bank Group, has acquired the world’s largest operator of tyre inflation vending equipment, ASI Holding Corp, for $US420 million. According to local news reports, MCAG will invest up to $109 million, which is up to 61 per cent of the total equity requirement of $179 million.