Good evening,It's 10 weeks until Christmas and you can sense deal intensity rising. M&A is back on the agenda, as pre-CO
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Good evening,
It's 10 weeks until Christmas and you can sense deal intensity rising.
M&A is back on the agenda, as pre-COVID-19 auctions restart or get resolved or opportunistic poachers jump before the market runs away again, while equity markets are hot and the IPO window is open for most starters.
So Street Talk had all bases covered this weekend.
There was:
• A pre-COVID auction finally getting its resolution: Twiggy's Tattarang riding away with R.M. Williams, as we revealed on Saturday. |
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• New M&A: TPG Capital seeking an incoming strategic investor for Novotech. |
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• A new IPO: Rich Lister Kevin Maloney and his family's Tulla Group.
So if that's any indication, expect a busy week. All that's missing is another bid for Link Group (or a decision on whether $5.20 is the price for due diligence).
Happy reading
Sarah Thompson, Anthony Macdonald and Tim Boyd |
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The Forrest family investment office, Tattarang, is expected to pay $190 million for the well known Australian bootmaker. |
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Private equity group TPG Capital is seeking a cashed up Asian investor to take a stake in its tearaway contract research business Novotech. |
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Western Australian lithium miner Altura Mining is putting the finishing touches on a $150 million-plus equity raising designed to dramatically reduce the company's debt. |
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The Maloney family is preparing to take its private family office public. |
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