TP Private Capital Partners SPV I (FLCF) LLC acquires Macquarie Bank Limited for USD 85,696,118 (2026)

Deal facts

Buyer: TP Private Capital Partners SPV I (FLCF) LLC
Target: Macquarie Bank Limited
Deal value: USD 85,696,118
Announced: 13 April 2026
Status: Completed
Sector: Other
Country: United States
Consideration: cash

Sources

SEC_EDGAR_8K

What we know

More M&A Tools

Explore the Toolkit

Tools, frameworks and AI assistants designed for entrepreneurs serious about M&A.

Access now

Deal timeline

1 update

7 Apr 2026CompletedClosed
TP Private Capital Partners SPV I (FLCF) LLC completes acquisition of Macquarie Bank Limited
Item 1.01 Entry into a Material Definitive Agreement. Goldman Sachs Bank USA Asset-Based Credit Facility On April 7, 2026, TP Private Capital Partners SPV I (FLCF) LLC (“ SPV I ”), a wholly-owned subsidiary of Third Point Private Capital Partners (the “ Fund ”), entered into a senior secured credit facility (the “ ABL Credit Facility ”) pursuant to a Credit Agreement (the “ ABL Credit Agreement” )
Source

OpinionExit Mode editorial

We see a completed asset sale where TP Private Capital Partners SPV I (FLCF) LLC has acquired Macquarie Bank Limited for 85,696,118 USD. The deal closed on 13 April 2026 with cash consideration. Both parties are based in the United States, and the transaction falls under the Other sector classification. This is a straightforward transfer of assets rather than a full equity takeover, which changes the risk profile for the seller significantly. The use of a special purpose vehicle as the buyer suggests a targeted acquisition strategy, likely designed to ring-fence liability or isolate specific assets from the broader balance sheet.

For the SME founder reading this, the structure offers a clear lesson on how capital is deployed in niche banking assets. An asset sale means the buyer picks and chooses what they want, leaving liabilities behind or requiring specific indemnities for known issues. This is distinct from buying the whole company where you inherit every legal and financial obligation. The cash payment confirms that the buyer has immediate liquidity and does not need to rely on stock swaps or complex earn-outs to close the gap. In a US market, this type of clean break is often preferred when regulatory hurdles or legacy liabilities make a full merger unattractive.

The regulatory context here is critical. While the JSON does not specify the exact assets, any transfer of banking assets in the US triggers scrutiny from federal regulators. The buyer must ensure they have the necessary licences to operate the acquired assets or face immediate enforcement action. Change-of-control covenants in the target's existing debt agreements would also need to be addressed before this deal could legally complete. The fact that it is marked as completed implies all necessary clearances were obtained, which is a significant hurdle in itself. This success signals that the market still values specific banking assets even when the broader sector faces headwinds.

You should review your own asset list this week to identify which parts of your business could be sold separately without triggering a full change-of-control review. Map out which assets carry the most liability and consider if a carve-out sale would attract a higher price than a full equity exit.

Editorial opinion. Not financial or legal advice.

Explore

Browse adjacent archives

Jump from this deal into the sector, buyer, deal type, and year views that carry the strongest contextual signal.

More Other deals More 2026 deals More asset sale deals More from TP Private Capital Partners SPV I (FLCF) LLC All M&A deals

Similar deals

Other Other M&A activity tracked by Exit Mode.

6 July 2026CompletedOther

Honeywell Technologies to acquire Catalyst Technologies

Honeywell Technologies and Catalyst Technologies entered the Exit Mode archive.

Buyer: Honeywell Technologies
Target: Catalyst Technologies
Deal value: Not disclosed
Deal type: asset sale

Read deal Other deals asset sale deals United Kingdom deals

25 June 2026CompletedOther

Semaphore Technologies, Inc. to acquire Sigmaways, Inc.

Semaphore Technologies, Inc. has agreed to acquire the assets of Sigmaways, Inc. in a deal valued at USD 650,000. The transaction consideration includes a combination of…

Buyer: Semaphore Technologies, Inc.
Target: Sigmaways, Inc.
Deal value: USD 650,000
Deal type: asset sale

Read deal Other deals asset sale deals United States deals

9 June 2026CompletedOther

GoMore ApS to acquire Getaround Operations LLC and Getaround Holdings B.V.

GoMore ApS has agreed to acquire the assets of Getaround Operations LLC and Getaround Holdings B.V. in an asset sale valued at 31.5 million EUR. The transaction consider…

Buyer: GoMore ApS
Target: Getaround Operations LLC and Getaround Holdings B.V.
Deal value: EUR 31,500,000
Deal type: asset sale

Read deal Other deals asset sale deals United States deals

21 May 2026CompletedOther

Polymeric Nocopi LLC to acquire Polymeric U.S., Inc.

Polymeric Nocopi LLC has agreed to acquire the assets of Polymeric U.S., Inc. in a transaction valued at $2.65 million. The deal consideration includes both cash and sha…

Buyer: Polymeric Nocopi LLC
Target: Polymeric U.S., Inc.
Deal value: USD 2,650,000
Deal type: asset sale

Read deal Other deals asset sale deals United States deals

5 May 2026CompletedOther

Freeman Enclosure Systems, LLC to acquire Broadwind Heavy Fabrications, Inc.

Freeman Enclosure Systems, LLC and Broadwind Heavy Fabrications, Inc. entered the Exit Mode archive.

Buyer: Freeman Enclosure Systems, LLC
Target: Broadwind Heavy Fabrications, Inc.
Deal value: USD 19,500,000
Deal type: asset sale

Read deal Other deals asset sale deals United States deals

Buyer history