Lendlease has put the band back together to sell its services contracting business.
Less than a year after it paused its services auction, its bankers at Morgan Stanley and Gresham Partners are back in front of potential buyers with a new set of numbers.
It is understood they have sent a detailed information pack to rival contractors and private equity firms that were around the hoop last time, to whet appetites once again and get auction 2.0 up and running.
Meanwhile, it will be a big night for private equity firms, dealmakers and trade players in the aged care sector, as they trawl through the budget to try to work out what’s happening with federal government funding.
The picture, should it become clearer, could reignite takeover activity at ASX-listed Japara and Regis Healthcare – both have attracted bids in recent months.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd Street Talk Editors
The property construction and investment outfit is hoping it will be a case of second time lucky when it comes to the auction of its chunky services business.
