The new loan comes four years after Allegro Funds, led by dealmaker Adrian Loader, paid less than $10 million to acquire Team Global Express.
Commonwealth Bank of Australia is running point on a star-studded refinancing of Allegro Funds-backed Team Global Express , further underscoring the transport company’s dramatic turnaround under chief executive Christine Holgate.
The Big Four bank’s willingness to cut a second cheque for Team Global Express bodes well for Allegro’s eventual exit. The turnaround specialist . No doubt the inclusion of heavyweight creditors such as CBA and IFM in the debt stack will be viewed as positive, when Team Global finally opens its books to prospective buyers.
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