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Swedish buyout firm EQT Partners is ready to roll on its IT services outfit Nexon Asia Pacific, which makes about $30 million in earnings and has fielded approaches from sponsors and trade players over the years.

Street Talk understands EQT has appointed investment bank Houlihan Lokey as sell-side adviser for the portfolio company and will look to launch a sale process in the coming months.

Sources emphasised the mooted auction is not yet underway but that Nexon was expected to be shopped with $30 million in earnings. It’s considered to be a play on the booming digital transformation megatrend, which has brought names like Versent and Virtual IT Group to market.

Read the full story: EQT Partners taps sell-side adviser for $30m-a-year Nexon Asia Pacific

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Six months after Federation Mining made a play for neighbouring explorer Siren Gold, the New Zealand gold player is plotting its next move.

Street Talk understands the Mark Le Messurier and Jim Askew-led company, which is 90 per cent owned by AustralianSuper, has told investors it’s progressing plans for an initial public offering on the ASX later this year.

Its key project is the Snowy River Mine on the west coast of the South Island of New Zealand.

The Australian sharemarket added almost $100 billion in value on Thursday after equities on Wall Street ripped overnight following US President Donald Trump’s decision to hit pause on reciprocal tariffs on more than 75 nations.

Click here for the latest equity market wrap.