Melbourne buyout firm BGH Capital is set to cross swords with the world’s largest alternative investor Blackstone in a bid to acquire Singapore Post’s Australian assets including FMH and CouriersPlease.

Street Talk can reveal that BGH has hired Jefferies Australia to help review and finance its operations with SingPost’s local assets, which are believed to generate $100 million in annual revenue and could be worth $1 billion. BGH founding partner Simon Harle, who led TPG Capital’s investment in Asciano, is driving SingPost’s turnaround.

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