It has never been busier in Australian private equity.
PE managers’ desks are covered in IMs, sale flyers and pitchbooks, to the point where there is no more capacity to look at new assets.
It’s particularly the case in Australia’s retail sector – usually a happy hunting group for PE shops – with bankers working overtime to drum up interest in companies, given a dearth of deals in the sector.
It has Goldman Sachs assessing funding options, including a sale or float. The group has a capital-sucking expansion plan under way, and is looking for some fresh funds to help finance this.
Goldman Sachs kicked off the auction late this week. We take a look at who’s around it.
It’s happy days for Hay, which has already locked away $17 million as part of a larger Series B capital raising that is due to close in the coming weeks.
