This time last week there were letters flying around, bids falling over, Atlas Arteria readying a massive deal and some public M&A about to pop.
This weekend it seemed a bit quieter, with Trevor St Baker and Brian Flannery’s deal to sell the Vales Point generator in NSW the most exciting piece of fresh news.
Private equity-backed ScotPac is understood to be closing in on a deal to refinance steel manufacturer and distributor InfraBuild, in what would be a landmark funding package for Liberty Steel’s Australian business.
It’s a case of strategics v financial buyers at chemicals group Ixom, which is set to meet a handful of shortlisted bidders in the auction’s second and binding bid phase.
Hats off to energy entrepreneur Trevor St Baker and coal investor Brian Flannery for taking a punt of NSW white elephant Vales Point, and turning it into a big win.
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