Latest News

Toll Global Express Completion Announcement

Today marks the successful completion of Allegro’s acquisition of Toll Global Express, first announced in April this year.

It’s a landmark deal for Allegro and the culmination of month’s of work. A key component of the transaction was the $500 million funding package Allegro secured to transform the business and separate it from Toll Holdings.

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Allegro Winter Newsletter

ALLEGRO NEWS: Winter edition
Chester and Adrian

Welcome to the 2021 Winter edition of the Allegro newsletter. Activity levels remain high on all fronts – new deals, exits, M&A and pipeline growth. Toll Global Express was announced and signed in April, and we’ll finalise the acquisition late August. We also announced the appointment of Christine Holgate as CEO of Global Express who will lead the transformation of the business, drawing on her deep logistics experience and leveraging Allegro’s turnaround processes and expertise.

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Best and Less Group completes successful IPO, exceeds FY21 prospectus forecasts

Leading value apparel specialty retailer Best & Less Group Holdings Limited (BLG or the Company) lists on the ASX today, following a successful initial public offering (IPO) of its shares which raised $60 million at $2.16 per share.

To read the full ASX announcement click here.

Christine Holgate to Lead Toll Global Express

Allegro Funds is pleased to announce the appointment of Christine Holgate as future Group Chief Executive Officer of Global Express. Ms Holgate will lead the transformation strategy for the growing parcels and logistics organisation upon Allegro completing its acquisition from the owner, Japan Post.

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Allegro Fund III – Acquisition of Toll Global Express

Allegro Funds has reached an agreement to acquire Toll Global Express business.

Allegro has obtained $500 million in funding to complete the separation and transformation of the business. Allegro believes that Toll Global Express’ people and its assets can deliver strong growth in the future. This business has a crucial role to play as an enabler for e-commerce which will underpin the economic recovery of Australia and New Zealand post COVID-19.

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Allegro Autumn Newsletter

ALLEGRO NEWS: Autumn edition
Chester and Adrian

Welcome to the Autumn edition of our Allegro 2021 newsletter. It’s been a busy start to the year. Our first completely virtual Annual General Meeting (AGM) was held on the 2nd of March. We have two deals in the advanced stages of review. We completed the sale of Ngahuia Group Ltd (Ngahuia) to the management buyout team, resulting in a distribution to our Fund III investors. This is in addition to a distribution paid to investors earlier in the year from one of our portfolio companies. Finally, we continue to progress the Best & Less Group (BLG) towards an exit this year.

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