Good evening,

The No.1 game in listed M&A is chasing private equity targets.

It’s no secret there is an estimated $26 billion in dry powder looking for Australian acquisitions, which bankers are trying to marry with the litany of bombed-out and/or misunderstood stocks.

Street Talk has heard plenty of names in the past few weeks, some of which have already attracted bids – think Appen, Brambles, Pushpay, Nuix, NextDC and Megaport.

A new name, though, is funerals home group InvoCare, which PE tyre-kickers reckon is popping up in plenty of bankers’ pitch books.

Street Talk takes a look at the case for InvoCare.

Elsewhere, we have Rothschild’s pitch for Tribe Breweries and we take a look at the field for BGC Group before next week’s bid date, which includes a surprise contender.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk Editors