The Greenlit Brands sell-off is set to gain another leg. The retailer, which owns a bunch of brands, has called in the bankers to test buyer appetite in its mattresses and bedroom furniture brands, including Snooze and Original Mattress Factory.
Sydney-based Miles Advisory has landed the mandate and is expected to get pitching to private equity firms and other large retailers in coming months, as part of the wider strategic review.
Retailer Greenlit Brands has called in the bankers to test buyer interest in its mattress and bedroom furniture brands, including Snooze and Original Mattress Factory.
Australian contractor UGL Group and rival infrastructure sector contractor Monadelphous are two of the parties crunching the numbers on Lendlease’s up-for-sale services division.
Private equity giant KKR has six banks on the hook to help fund its $1.7 billion deal to buy into Commonwealth Bank of Australia’s superannuation business, Colonial First State.
Trading platform OpenMarkets is finalising its pitch for a $30 million initial public offering and a deal likely to value it at well north of $100 million.
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