FleetPartners approaches A$1 billion
The takeover contest for FleetPartners has intensified, with proposals valuing the Australian fleet business at up to approximately A$982 million.
The takeover battle for Australia's FleetPartners has intensified again.
SG Fleet, ORIX and the Sumitomo led consortium have all increased their proposals.
ORIX and Sumitomo have offered A$4.65 per share, valuing FleetPartners at as much as approximately A$982 million.
SG Fleet increased its proposal to A$4.55.
Element Fleet has withdrawn from the bidding process.
When we covered FleetPartners in Issue 1, the Sumitomo proposal valued the business at approximately A$813 million.
Three weeks later the potential valuation is approaching A$1 billion.
Sources
This story first appeared in The Fleet Brief Issue 003, published 16 September 2026.