Scape snares Aveo | Ghosts of Blue Sky past | PE gets into Dingo

Good evening,

Mid-market private equity firm The Riverside Company is putting its mind to the heavy machinery software business, buying into Brisbane company Dingo with a view to taking its technology global.

Street Talk understands Riverside, a software and IT specialist with a solid track record in the sector, having backed Energy Exemplar to a $1.6 billion sale in 2023, has acquired a majority stake in Dingo alongside its long-term founder, engineer Paul Higgins.

Riverside declined to provide terms of the transaction; however, industry analysts suggest Dingo would fetch an enterprise value upwards of $150 million.

Read the full story tomorrow and more on the Street Talk page.

Investors trapped in the Blue Sky US Brewery Fund, an unlisted trust that holds an indirect interest in Greater Boston-based beer brewer Lord Hobo Brewing Company, have had their units revalued down a staggering 44 per cent in their latest holding and valuation statement.

Investors have piled back into the Australian sharemarket with gusto in a broad-based rally after US President Donald Trump announced a tentative ceasefire between Iran and Israel.

Click here for the latest equity market wrap.