Street Talk understands Kohlberg & Company, a buyout firm founded in 1987 by Jerome Kohlberg Jr and James Kohlberg, is working closely with Alvarez & Marsal’s corporate advisory team.
A&M pillaged rival consulting firms’ ranks since it planted a flag on Australian shores in late 2022, but this is the first time we’ve seen them pop up on a major private equity process. The firm, best known for restructuring the bankrupt investment bank Lehman Brothers during the global financial crisis, sought a role on Healthscope earlier this year.
Street Talk can reveal TCorp has agreed terms to acquire a $US100 million-plus ($152 million) minority stake in Cyan Renewables, a PE-owned business that provides maritime services to fisheries and the offshore wind industry.
Best and worst
Declines in iron ore, gold, and oil prices dragged the sharemarket lower for a second day to exacerbate the ongoing sell-down in commodities.
