Laden...
Sunday
March 13, 2022
Good evening,
There’s another “core-plus” infrastructure asset on the auction block.
Street Talk can reveal private equity firm Anchorage Capital Partners has hired Rothschild & Co to take a look at its two-year-old investment in Rail First Asset Management.
Rail First leases locomotives and wagons, and could be worth $500 million-odd.
That would mean a sweet exit for Anchorage, which spent $250 million buying it not that long ago.
On the ASX tomorrow, VGI Partners and Regal Funds Management are expected to tell investors they need more time to hammer out a deal.
We hear both sides are still keen but Rob Luciano’s new salary as a Regal portfolio manager needs to be set for the deal to proceed.
Elsewhere, Melbana Energy and Helix Resources were stitching up share placements at the weekend, and Allunga Advisory was raising $30 million for construction services and tools marketplace iSeekplant.
Happy reading,Richard Henderson, Sarah Thompson and Kanika SoodStreet Talk editors
Private equity firm looks to double the amount it paid for rail freight business three years ago.
Market moves further favour Regal and pile fresh pressure on Rob Luciano’s hedge fund firm to accept weaker terms.
It’ll be a busy start to the week for oil and gas explorer Melbana Energy and Cobar copper play Helix Resources.
Construction equipment and services marketplace iSeekplant is looking to raise up to $30 million.
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