Good evening,
 
 

Good evening,

It’s EQT’s turn to take a run at Australia’s HNWs.

Street Talk can reveal the Swedish private equity firm is growing, launching its first private wealth fund in Australia.

Its managing director and head of fund strategy, William Vettorato, was spotted landing in Sydney over the weekend and is expected to start meeting ahead of the launch of the fund, known as Nexus.

Also getting its show on the road this week is IPO-hopeful Molycop, kicking off its local IPO meetings with managers on Monday. According to an investor presentation in front of fund managers and obtained by Street Talk, the steel grinding media business is expected to deliver $US185 million EBITDA in the 2023 financial year.

Elsewhere, Dexus has netted $220 million for its property healthcare fund, positioning it to pursue further acquisitions, and Pupuk Indonesia is getting serious about Incitec Pivot’s fertiliser business.

Happy reading,
Sarah Thompson, Kanika Sood and Emma Rapaport
Street Talk editors

 
The Australian Financial Review
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