There’s a bit of a spring in the step at Blackstone’s Australian office, post its real estate team’s acquisition of Crown Resorts and the PE team breaking a seven-year drought at Nucleus Network.
Blackstone, with KWM’s lawyers by its side, is understood to be close to gaining exclusive talks, which would open the door for its dealmakers to negotiate a transaction with Zambrero’s founder and owner.
Who knows if it comes off, but Blackstone seems to be doing all the right things to make it happen.
Garden centre chain Flower Power has rebooted efforts to find a deep-pocketed buyer or investor, and is talking to ASX-listed property groups about a potential sale and leaseback.
Nitro Software’s likely to push back against private equity suitor Potentia Capital, believing the $400 million-odd bid is opportunistic and undervalues the company.
Under fire packaging group Pro-Pac is wedged between banks and shareholders - and quickly trying to find a $50 million way out of it by the end of this week.
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