Street Talk hears EventsAIR is big enough to draw out global mid-market private equity firms.
And its adviser, London-based Arma Partners, has had success in scouting for buyers for events businesses. It housed events organiser Clarion Partners with global heavyweight Providence Equity Partners about six years ago.
Many M&A boffins have tipped REITs as ripe for consolidation in 2022, and AOF could be the first one out of the gate. Sources say it is ready to crank up an auction after its half-yearly results on February 22 as key investors get fidgety.
The Brisbane-based events software company is putting on a show for domestic and offshore private equity funds as it looks to finance its planned expansion.