Street Talk First Look

Wednesday

February 17, 2021

Street Talk

First Look

Good evening,

Ord Minnett’s new M&A unit has snared a nice little mandate.
Tonight we reveal Ords is tasked with finding a new investor (or buyer) for cult nursery chain Flower Power, which has had a whopper 12 months and now makes north of $20 million EBITDA annually.

Family-owned Flower Power says it is on the lookout for the “right business partner that can help us grow”, which makes it sound like it wants to significantly increase its footprint.

Elsewhere, we take a look at what’s happening at Crown Resorts, and what’s on 10 per cent shareholder Blackstone’s mind.

And we’ve got news of Andrew Forrest and James Spenceley’s new ASX-listed play.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors

Tomorrow’s headlines

Street Talk

Garden supplies retailer Flower Power searches for strategic investor

One of the country’s largest garden centre retailers is tending to its fiscal backyard.

Street Talk

Blackstone wears the Crown in casino mess

There’d be nothing like a $14 a share private equity bid to end a lot of problems at Crown Resorts.

Street Talk

Twiggy, Spenceley cut deal to float telco play Swoop

The Forrest family’s Tattarang and Vocus founder James Spenceley are teaming up for a new listed telecommunications play.

Street Talk

IAG-backed subscription car biz Carbar bankers up for capital search

Car subscription service Carbar is popping the bonnet for a bunch of private equity and family office types, so it can be ready to tackle what it thinks could be an $18 billion market.

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