Here’s 150 million reasons to have a Tuesday night beer.
Tonight, we got the scoop on which well-known craft brewer has drafted in KPMG’s Melbourne team to help it search for as much as $150 million in fresh capital.
The tearaway business wants to use the first $50 million to build a new brewery, and is offering a meaty stake in itself in exchange.
Meanwhile, we’ve got wind of the next $1 billion-odd business mulling a listing on the ASX boards.
The Asian company in question has drafted in two investment banks to help it explore a sale or listing of its local arm, which made $595 million revenue in the 12 months to December last year.
Finally, we’ve got a copy of Herbert Smith Freehills′ survey of 62 non-executive directors on all things M&A.
Happy reading, Sarah Thompson, Anthony Macdonald and Tim Boyd
Former Virgin Group co-CEO and Wesfarmers executive David Baxby is taking charge of Singaporean Dynasty Esports’ plans to list on the Australian Securities Exchange.
Somewhere between helping Coca-Cola Amatil and Bingo Industries stitch up multi-billion dollar takeovers and defending Boral Ltd, Herbert Smith Freehills partner Tony Damian has found time to survey 62 non-executive directors on all things M&A.
Singaporean transport company ComfortDelGro has hired investment banks Credit Suisse and UBS to explore a listing of its chunky Australian business on the Australian Securities Exchange.
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