Infrastructure-minded investors are about to get a blast from the past, thanks to Brookfield.
Street Talk can reveal Asciano’s old bulk and automotive parts business – now known as Linx Cargo Care Group – is headed for the auction block. That’s seven years after Brookfield and its co-investors bought it for about $925 million amid Asciano’s complicated $9 billion take-private.
Azure Capital and Cameron Partners are running early market soundings. Sources said Brookfield would probably end up selling Linx in a single hit, instead of trying to divest individual units.
While Brookfield was kicking off a new deal, Potentia Capital’s dealmakers were burying their $900 million exit of mining software business Micromine to Nasdaq-listed Aspectech. It is understood the PE firm missed out on a $150 million carry payday, and didn’t even get any break fees when the deal was scuttled by regulatory approval in Russia.
Brookfield is testing buyer appetite for Australia and New Zealand logistics business Linx Cargo Care Group, seven years after it took Asciano off the ASX boards.
Street Talk understands the private company, Melbourne-based Gyder Surgical, is weighing up a small capital raise and is hunting around for an adviser.
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