Good evening,

There could be an artificial seabreeze of guava and lychee scents wafting through PE deal makers’ homes in coming weeks, as they road test products made by candles company ECOYA.

Advisory firm Deloitte has kicked off a two-part auction for ECOYA, pitching to the private equity and strategic types in a six-page flyer sent this month.

The flyer revealed ECOYA’s business footprint and financial forecasts and gave tyre kickers a few ideas about where it could be headed in coming years.

It looks like one for the growth/mid-market PE brigade, unless there’s a consumer goods company feeling positive about the world and with the funding for a chunky bolt-on acquisition.

Elsewhere in Street Talk, we take a look at fund manager TDM Growth Partners, which has done very well backing growth companies in the past two decades.

The problem is, the market has turned, and a bunch of its darlings have been heavily sold. We’ve heard about potential plans for it to offload part of its stake in burritos chain Guzman y Gomez, but take a look at what else is going on inside its portfolio.

Finally, we’ve spotted some superannuation fund types kicking around ferries and buses group Kelsian.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood

Street Talk Editors