Aug 5, 2026 – 6.32pmMelbourne firm Salter Brothers has offloaded one of its investments to Australia’s largest bank and gone against the grain to pile into a software-as-a-service platform used by the likes of the English Premier League’s teams.Commonwealth Bank bought payment platform IPSI from Salter Brothers with the transaction hitting a 100 per cent internal rate of return – meaning the fund manager doubled its money for the year it held the business, sources familiar with the deal said.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.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?