Good evening,

Watch out, Downer Group’s ready to jettison another unit!

Street Talk can reveal Downer’s shopping around its Australian Transport Projects business, after kicking it in the “strategic review” can last month.

There are no prizes for guessing which investment bank landed the gig.

Yes, Macquarie Capital’s bankers are back at Downer offices, helping with what would be its fourth divestment in two years.

The up-for-sale unit targets infrastructure projects within the transport and power sectors, and could be attractive to a trade player or a PE firm on the prowl for a carve-out.

Speaking of PE, we spotted the heavyweight CVC Capital’s incoming country head, Richard Blackburn, hobnobbing around the town.

Local dealmakers are keen to know CVC’s plans for Australia. Street Talk’s cobbled together an ol’ fashioned report on the new arrival’s intentions.

Elsewhere, industrious dealmaker Aware Super emerged as the buyer of Guzman y Gomez’s big secondary share sale, some Nearmap investors were wary of Thoma Bravo’s bid, and (curiously enough) Jarden was teeing up investor introductions for robot bricklayer FBR.

Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk editors