Adore Beauty calls for IPO pitches; Quadrant mulls investment; Pershing out in the cold Good evening, It's been a tough year for private equity-backed retailers

Good evening,

It's been a tough year for private-equity-backed retailers. Aussie swimwear brand Seafolly, fashion brand Tigerlily and accessories chain Colette by Colette Hayman have all fallen into administration in 2020.

But no one told this next ASX aspirant. Tonight, we reveal which Quadrant Private Equity-backed cosmetics retailer kicked off a beauty parade this week, inviting pitches from banks to take it public.

The company in question is a COVID-19 success story that has benefited from changed consumer behaviour as a result of the pandemic.

And that's not all we heard from Quadrant on Thursday. Elsewhere, we take a look at which smartphone hardware company the buyout firm is looking to buy a stake in.

Finally, the merger of Euroz and Hartleys could spell disaster for the potential sale of BNY Mellon-owned clearing house Pershing and Jarden has made another high-profile hire.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talks Editors