Good evening,
 
 

Good evening,

Guess who we spotted out meeting fund managers on Tuesday night...

Chemist Warehouse, the biggest fish in Australia’s IPO tank, was in Sydney giving investors an update on its business.

The notoriously private Chemist Warehouse hosted a dinner for a select group of investors, sources said, in an affair arranged with the help of Macquarie Capital.

It was a rare appearance by a group that only speaks on its terms. It gets invited to just about every major retail sector conference in the world – and usually says no. The last time we saw it presenting to investors was at a Credit Suisse Asia equities shindig in 2019.

It’s interesting timing. Chemist Warehouse had bankers in pitching for roles in its potential IPO two months ago, and now it is lifting its bonnet for fund managers.

Elsewhere, we have a chunky new Australian biotech sector M&A contender that’s in front of offshore strategic buyers and private equity firms, and reveal who’s bankrolling MIRA’s bid for Bingo Industries.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors

 
The Australian Financial Review
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