Yes, Accel-KKR’s the same firm that we caught sniffing around Elmo Software. And things are playing out in a similar fashion – it has told the target board it’s interested, said it’s keen on some due diligence but then ghosted them.
It’s not surprising with all the volatility, but the latest episode probably reminds other tech stocks’ chairmen and CEOs to not get too excited if they see an email from Accel-KKR requesting a meeting, at least while the markets are choppy.
Workplace management software company Damstra Holdings has found itself in private equity’s crosshairs, going through a round of takeover talks with a US suitor.
Tollroads group Atlas Arteria’s running the longest new shareholder induction for IFM Investors in recent memory, in what looks like an attempt to buy more time.
Looks like Charter Hall’s picked up $800 million from the syndicated loan market recently for its unlisted Prime Office Fund, and its lender lineup has analysts reading the tea leaves on the state of wider debt markets.
