Jul 23, 2026 – 5.00amA Toyota Group subsidiary which makes forklifts, car products and textile machinery has inked a deal to acquire one of New Zealand’s largest suppliers of heavy equipment in the region.Street Talk can reveal Anchorage Capital Partners’ ELF Group has agreed to divest the materials handling segment of its heavy equipment business, AB Equipment, to Toyota Industries Corporation.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.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Anchorage sells ELF’s forklift unit to Toyota; readies $500m new fund
Anchorage Capital Partners’ ELF Group has agreed to divest the forklift segment of its heavy equipment business, AB Equipment, to the Japanese giant.
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