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Report: Archer Capital selling credit check company Illion for at least A$1.5B

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Report: Archer Capital selling credit check company Illion for at least A$1.5B

Archer Capital Pty. Ltd. is seeking at least A$1.5 billion for Australian credit check company Illion Australia Pty. Ltd., The Australian reported, citing unnamed sources.

The Australian private equity firm has tapped Houlihan Lokey and Citi to conduct the sale process for the former Australian operation of Dun & Bradstreet Corp., which has annual EBITDA of approximately A$100 million, according to the report.

The business could draw interest from most buyout groups, although they might balk at spending such a huge amount for a highly attractive business, the publication noted.

Sources told the publication that getting a price tag of more than A$1.5 billion, or even A$2 billion, would require a market rival, rather than a private equity firm, emerging as a bidder.