Allegro paid less than $10 million to buy it off Japan Post two years ago. Under Christine Holgate’s leadership, its top-line revenue growth has risen to $2.8 billion.
Elsewhere, infrastructure investor Igneo has acquired buy Victorian solar farm Karadoc from a German renewable energy developer. The farm has been up and running since 2019 and has offtake agreements with electricity retailer Flow Power and Asahi’s Carlton & United Breweries.
In people news, Street Talk spotted a reshuffle at the top of Chris Hadley’s Quadrant Private Equity, JPMorgan securing two of Credit Suisse’s infrastructure bankers and Macquarie’s head of resources research jumping to Perth-headquartered resources specialist Argonaut.
A request for proposal was sent to investment banks earlier this month, asking them to pitch for a broad-ranging advisory role including defence strategies.
