May 28, 2026 – 12.46pmPickles, the country’s largest marketplace for used assets, is putting itself on the auction block – and calling for bids of at least $1.5 billion.Apax Partners, the British buyout giant that acquired Pickles in 2022 for about $250 million, has received multiple inbound offers for the business and is ready to test buyer appetite, said people briefed on the matter who requested anonymity to speak freely.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Going once, going twice! Apax seeks buyer for $100m-a-year Pickles
The London-headquartered buyout firm has appointed Barrenjoey and is preparing to bring the auction house to the market after receiving multiple offers.
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