Good evening,

The rout in tech stocks may be worsening, but that hasn’t stopped Brisbane-based software play EventsAIR from hanging up the for-sale sign.

Street Talk hears EventsAIR is big enough to draw out global mid-market private equity firms.

And its adviser, London-based Arma Partners, has had success in scouting for buyers for events businesses. It housed events organiser Clarion Partners with global heavyweight Providence Equity Partners about six years ago.

Another business that will soon be on the hunt for buyers is the Australian Unity Office Fund.

Many M&A boffins have tipped REITs as ripe for consolidation in 2022, and AOF could be the first one out of the gate. Sources say it is ready to crank up an auction after its half-yearly results on February 22 as key investors get fidgety.

Elsewhere, we’ve spotted EQT pitching offshore lenders for $1.16 billion to fund its bid for cancer care provider Icon Group, and MIRA/Aware Super are also doing the rounds for $1.26 billion to put towards NZ telco 2degrees.

We’ve also got our hands on Caledonia’s latest missive to its $6.7 billion flagship fund’s investors, after a stinging quarter.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk Editors