The sellers, led by NZ Super, have sent a request for proposal to a handful of investment banks, which makes it clear they want to test buyer appetite for a stake.
Transurban Group is the most logical acquirer and is understood to even have some bankers keeping watch on its behalf. While there’s plenty of water to flow under the bridge before Transurban gets a proper look, it could be a meaningful bolt-on acquisition for the toll roads investor.
Sydney’s Allegro Funds has snuck into the second round of doors and window maker Jeld-Wen Australia’s auction, putting it on a collision course with some bigger buyout funds.
As dental group Pacific Smiles battles former founder Alex Abrahams for investors’ hearts and votes, Melbourne-based fund manager Richmond Hill Capital has made its position known.
China’s Shanghai Jayson New Energy Materials Co will emerge with a toehold stake in Western Australia’s St George Mining as part of a raising to be finalised early this week.
You have received this email because you are subscribed to Street Talk First Look with the email address: [email protected]
