And SPC’s gaze might land on KKR’s Campbell’s soups. It would be a big bolt-on acquisition and SPC would be thinking hard if it really likes Campbell enough.
Elsewhere, fund managers are making the most of the drop in deal activity by stocking up their funds. The latest is 10-year-old VC firm Blackbird which wants enough cash for 25 to 35 new investments and then some more.
Fruit canning and packing company SPC Global has called in the bankers to assess M&A targets, with market watches to a potential tie up with KKR’s Campbell soups.
Australian VC investor Blackbird Ventures is busy reminding investors it’s more than just an early Canva backer, as it hits the fundraising trail with sights set on nearly a $1 billion.
With bids for Uniti and Axicom flying around like confetti, it’s easy to forget there’s a bunch of infrastructure funds part way through due diligence on VicRoads.
Melbourne’s Wingate Group and Goldman Sachs want to lend $350 million to property developers who have finished building apartments but haven’t sold them yet.
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