The private equity firm has made financial claims following the logistic group’s collapse but does not expect to get any money back.
Private equity group Anchorage Capital Partners has claimed $43 million on its investments in collapsed transport group Scott’s Refrigerated Logistics, minutes from a creditors’ meeting show.
KordaMentha, which was appointed as Scott’s receiver by global restructuring and investment group Gordon Brothers, isThe company had its own transport fleet, including 500 prime movers, 1000 trailers and 450 rail carriages and the sales are expected to raise more than $100 million. Unsecured creditors, who are collectively owed tens of millions of dollars, include small companies like AJ Linehaul, GA Lombardi, Thor Mobile Truck Wash, Foodboss Transport, Super Radiator Repairs, Mavin Truck Centre, Hartex Engineering and Installation Services and Fresh Freight Tasmania.McGrathNicol has said that Scott’s was likely to have been insolvent from at least the week before the administrators’ appointment and potentially since late 2022.
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