Listed companies are in pre-reporting season blackouts and dealmaking in equity capital markets has been quiet.
But there’s plenty happening in the unlisted world.
We’ve got the latest on Kiwi Wealth’s auction across the ditch. Trade player Booster has thrown in its hat, alongside Jarden and the tag team of TA Associates and Fischer Funds.
It’s a deep-pocketed line-up vying for Kiwi Wealth, but to the bidders’ relief, Pacific Equity Partners dropped out of the auction last month even though it was shortlisted.
If the sale were to go ahead, it would be Kiwi Group Holdings’ third divestment in quick succession, after investment platform Hatch and insurance business nib Holdings.
Efforts to sell mattress maker Snooze have been put on ice with bankers hoping to prove the spike in mattress sales is sustainable, not just a COVID-19 spurt.