In response to speculation from media outlets, MA Financial Group advised that it is engaged in discussions with IP Generation (IPG), a real estate asset manager, regarding a potential acquisition deal.
IPG currently holds around $2 billion of assets under management (AUM), including shopping malls across the Australian east coast.
In an ASX statement on Tuesday, MA Financial stated it has a “longstanding relationship with IPG”, previously providing property management services to a number of its assets dating back to 2019.
MA Financial confirmed that should an acquisition proceed, it would not involve an equity raising. It also stressed that no binding documentation has been signed.
The statement further confirms that there is “no certainty that these discussions will result in a transaction”, with the company committing to keeping the market informed in accordance with its continuous disclosure obligations.
InvestorDaily reached out to MA Financial for further comment, but the firm was unable to provide a statement at this time.
Joint venture to target US middle market
MA Financial entered into a joint venture (JV) with Monroe Capital and Sumitomo Mitsui Banking Corporation (SMBC) in early May.
In a statement at the time, it confirmed the JV would deploy up to US$1.7 billion in senior secured loans to US middle market borrowers and harness the combined strengths of all three firms to build a platform focused on the middle market segment of private credit.
Frank Danieli, head of global credit solutions at MA Financial, said strategic partnerships between specialist lenders, asset managers and banks are the “next evolution in private credit”.
“We’re pleased to partner with Monroe Capital and SMBC in this innovative joint venture, reflecting the emerging paradigm shift toward co-lending.
“The US middle market presents a compelling opportunity to deploy capital to real world economy businesses while earning strong risk-adjusted returns and benefiting from robust lender protections that are foundational to our credit philosophy,” Danieli added.
This collaboration, the firm said, is poised to gain significant advantages from a robust pipeline of high-quality, proprietary deal flow, with a focus on first lien, senior-secured loans to well-established US middle market companies.
