Good evening,

Pushpay Holdings’ proposed $1 billion-plus private equity buyout is back from the dead, thanks to a new offer from Australian investor BGH Capital.

After months of diligence and talks, BGH Capital has returned with a revised proposal in a bid to bring the M&A situation to a head and finally lock down its target.

Pushpay’s considering the offer, although if there’s one thing we’ve learnt about BGH Capital it’s the bid’s likely to be less than the target wanted but enough to keep it interested.

Elsewhere in Street Talk, we’ve spotted fresh bankers in at KKR’s debt-laden GenesisCare, and have a new sale process kicking off out of Pemba Capital’s portfolio.

We were also surprised by the short-seller interest in Perpetual.

It was an otherwise pretty quiet day on the market, with institutions seemingly waiting for economic news in the US before making any big changes to their portfolios. CPI data is not due out until Friday night.

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