It's time to crack open a cold one, but not for the dealmakers at local buyout firm Pacific Equity Partners.
Tonight, we take a dive into the sale of Asahi's drinks portfolio and unveil which private equity firms are still in the race and which ones have gone frosty. Indicative bids are due in a fortnight and PEP – which was the hot favourite – is set to drop out, while another suitor's bid is getting creative.
There's two weeks until indicative bids are due for Asahi’s drinks portfolio sale but hot favourite Pacific Equity Partners' interest is back in the fridge.
Privately-owned oil and gas explorer Denison Gas is seeking a $50 million equity injection to invest in its east coast gas assets and increase its production capabilities.
FC Capital might soon be breaking out the champagne – with a splash of orange juice –if it can squeeze a decent price from the sale of the citrus division of its fruit grower, Nutrano Produce Group.
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