Street Talk understands the investment bank is testing buyer appetite for Adamantem Capital’s horse-feed business Hygain.
The company has been in the Sydney buyout firm’s stables since 2017 and is slated to make $130 million in sales this year.
Hygain’s claim to fame is supplying feed to the horses on the set of American neo-Western Yellowstone, and on the home front, feeding the trifecta in the Melbourne Cup. So suitors, giddy up!
Elsewhere, we hear Kimberley Marine Support Base could finally be ready to pull the trigger on its $290 million floating wharf at the WA government’s Broome Port. The privately owned, high-net-worth-backed company was spotted passing around the hat to kick off construction.
If the wharf gets built, KMSB reckons it could lure business from oil and gas majors in the region and hit nearly $900 million in valuation by 2030.
The founder of VGI Partners will take at least three months off after bedding down the integration between his hedge fund and Phil King’s investment house.
The fund, which launched last year, aims to deploy the money into high-growth impact-focused businesses. It’s targeting a return of 20 per cent per annum.
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