Ord Minnett’s new M&A unit has snared a nice little mandate. Tonight we reveal Ords is tasked with finding a new investor (or buyer) for cult nursery chain Flower Power, which has had a whopper 12 months and now makes north of $20 million EBITDA annually.
Family-owned Flower Power says it is on the lookout for the “right business partner that can help us grow”, which makes it sound like it wants to significantly increase its footprint.
Car subscription service Carbar is popping the bonnet for a bunch of private equity and family office types, so it can be ready to tackle what it thinks could be an $18 billion market.
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