CIMIC offers Thiess stake to private equity; Bankers pitch trans-Tasman tourism roll-up; K2's new partnership

You can always turn to private equity.

Tonight, Street talk can reveal that's precisely what's going on at ASX-listed construction giant CIMIC.

The $8.5 billion company has been looking for an exit for its mining services division, Thiess, since September but hasn't been able to get a full-blown sale over the line.

We've got all the details on what CIMIC's latest plan is and how some of Australia's biggest PE players are involved.

Speaking of private equity, we've also got wind of a pitch bankers are making to all the buyout funds that will listen, regarding a tourism roll-up waiting to be put in motion.

Finally, we take a look at listed fund manager K2 Asset Management's new partnership and unveil Advent Partners' latest investment.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors