Street Talk reveals tonight that PwC has started shopping the business to trade players and private equity-infrastructure types, pitching about $70 million in forecast earnings for FY23 and fuelling expectations of a $700 million-plus valuation.
Sources involved in the process said the confidential auction was in the first round, with a handful of heavyweights taking IMs and trying to put together indicative offers.
The final round of takeover talks at Nearmap appear to be going well, with the company and its private equity suitor, Thoma Bravo, closing in on a binding deal at $2.10 a share.
ASX-listed Good Drinks Australia is set to acquire Collingwood brewery Stomping Ground Brewing Co in a cash and scrip deal worth $25 million to $30 million.
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