The new week kicked off pretty tame on the ASX, but Street Talk found some hot deals cooking in the private markets.
Melbourne PE firm The Riverside Company has drafted in Lazard’s bankers to find a new owner for its the analytics business, Energy Exemplar, which is understood to be running at $US100 million ($154 million) revenue and a 20 per cent EBITDA margin. Energy Exemplar’s a bit of an under-the-radar success story. It kicked off in Adelaide and now is headquartered in Salt Lake City. A sale is expected to value it at $US1billion.
Street Talk also caught wind of talks between trucker Sutherlands Transport and ambitious infrastructure hopeful Clara. The trucking business has a foothold in Cootamundra – the half-way point between Sydney and Melbourne – while Clara has long wanted to build smart cities (and lately, hydrogen production) around the route.
A parcel of 60 million shares, worth $56 million, changed hands just after market close. Canaccord Genuity was the broker with the highest volume for the day.
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