UBS on board at AMA; Strawbridge selling In2Food; Step One float; All G Foods raising

Good evening,

All signs indicate that AMA Group’s capital review is set to be a capital injection.

It’s understood that the smash repairer’s management have had UBS help run the numbers on a variety of funding options, including a convertible notes deal or equity raising.

It harks back to 2019, when UBS and Canaccord Genuity joined forces to manage an equity raising for AMA.

The plan is to have its debt restructured before the new year.

Shareholders are expecting the company to announce a deal this week.

Elsewhere, high-profile insolvency practitioner Vaughan Strawbridge is selling fresh produce business In2Food; former NRL boss David Gallop is on board to chair underwear maker Step One as it gears up for a float; plant-based meat producer All G Foods has raised one of the country’s largest seed rounds, banking $16 million; and there’s a new kid on the block in venture capital, with Campbell Walshe raising capital for three Pitch funds.

Happy reading,
Anthony Macdonald and Yolanda Redrup