Sources told Street Talk the private equity group’s sell-side adviser Jefferies mailed out terms of a ready-to-use debt package worth up to $1.2 billion on Tuesday afternoon in an attempt to spur suitors.
Multiple parties, including Blackstone, are understood to be in active due diligence.
The listed investment company trades at a massive discount and has undershot benchmark returns for years – or so says a prickly letter fired off to MEC’s board and key shareholders after market close on Wednesday.
Silver Lake has fired the starter’s gun on its multi-billion-dollar auction for ticketing giant, and is trying to spur suitors with a ready-to-use debt package.
“Our concerns have solidified following a recent informal discussion between myself and [Morphic Ethical] chairman Jack Lowenstein...” the letter reads.
The $2.15 billion listed gold player De Grey Mining likes its WA neighbour Novo Resources’ gold project so much that it has just struck a deal to buy half of it.
At UBS, he served as chair of investment banking, head of equities and head of capital markets. He co-founded the local arm of the New Zealand bank in 2020.
The firm made the leap into that market in 2017 following the purchase of a majority stake in London-based Treasury Capital. Irish operations followed in 2019.
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