Insignia Financial (IFL AU): Three's A Crowd As Brookfield Joins Bain And CC Capital

• One exceptionally crowded data room as PE outfit Brookfield Capital joins Bain Capital and CC Capital with a matching A$4.60/share NBIO, via a Scheme, for Insignia Financial (IFL AU).

• Brookfield's Offer may include a scrip alternative in an unlisted bid vehicle, subject to caps. As with Bain and CC Capital's Offers, Brookfield's Offer would ultimately require FIRB signing off.

• And similar to Bain and CC Capital, Brookfield has been afforded a limited period of access to certain non-public information on a non-exclusive basis.