ARN

Commander shortlist down to three

Receivers say sale on track to meet end of October deadline
Three potential buyers remain in the running for Commander, according to sources

Three potential buyers remain in the running for Commander, according to sources

Just three buyers remain in the running for embattled listed integrator, Commander (ASX:CDR), according to industry sources.

Several sources close to the company told ARN that Telstra, Optus and an unnamed private equity firm are now negotiating with Commander receivers, McGrathNicol, to pick up the telco and managed services components of its business.

Sources claimed there had also been talks of a management buyout, which didn't eventuate.

A spokesperson from McGrathNicol was unable to confirm or deny the names and number of the sales shortlist at the time of going to press.

McGrathNicol representatives, Peter Anderson, Chris Honey and Joe Hayes, were appointed receivers to Commander on August 7. Since then, McGrathNicol has been running the company while looking for potential buyers.

The receivers are looking to sell the Commander business in two parts: Its managed services arm and its telco business including the Commander Centre national franchise network.

In September, McGrathNicol announced the list of potential buyers was down to 10 after receiving 150 expressions of interest.

The sale was expected to be completed by the end of October. The McGrathNicol spokesperson said it was on track to meet the deadline.

Commander Centre Cheltenham Victoria owner, Travis Moore, said business had been quiet and difficult since receivers were appointed. He was advised an announcement about a sale would be made within days. There are 33 franchises across Australia.

“We’re just keeping going and will make a decision once we know who the new owners are,” Moore said.

Come socialise with us! Facebook | LinkedIn

More about: ARN, Hayes, Optus, Telstra
References show all

Comments

1

Trevor Clarke

Tue 21/10/2008 - 17:05

And then there were 3...

If you are still with commander which would you prefer?

2

Mickey

Tue 21/10/2008 - 17:27

I think it's.....

I've got my bets on Optus. Telstra has Kaz and you can see how that's worked.

3

iopcbn

Wed 11/03/2009 - 04:25

SbfFGTNCsVADMdvZP

5Lq010 <a href="http://xbcyfwpqaedn.com/">xbcyfwpqaedn</a>, [url=http://itpqeaikceve.com/]itpqeaikceve[/url], [link=http://ublhybvbtsrt.com/]ublhybvbtsrt[/link], http://ycivwqqlijwd.com/

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: Commander, optus, Telstra
ARN Directory | Distributors relevant to this article
Express Data , ICT Distribution , Multimedia Technology , VExpress Distribution
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/avg/213_avg-internet-security-3-pc-2-year-10-pack-reta
AVG (AU/NZ) Pty Ltd

AVG Internet Security 2012 10 Pack Retail Specials

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.