Greensill,founded in 2011 in Bundaberg by Lex Greensill,helped companies manage their finances by paying suppliers on their behalf and collecting the money later on.
However,its business unravelled rapidly afterCredit Suisse said it was winding down $US10 billion of funds mostly invested in notes backed by Greensill due to concerns about how some underlying assets were valued.
The administrators will first address which parts of the business can be sold on immediately.
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Grant Thornton said the administrators were in “continued discussion with an interested party in relation to the purchase of certain Greensill Capital assets”.
Two sources familiar with the matter have said that Athene Holding,a partner company of US private equity giant Apollo Global Management,is in talks to buy some of Greensill’s business.
Apollo and Athene declined to comment.