Macquarie Capital has cranked up the $3 billion plus sale of MIRA’s towers business Axicom.
It has called for binding bids in March, and we have the details on who’s in the second round. The big question is if US heavyweight American Tower would lob a bid, adding to the competition.
Two months after Basslink collapsed with $700 million in debts, receiver KPMG is understood to be locking in its advisers to run the search for a new owner.
Street Talk understands all investment banks auditioned for the plum job, but Citigroup seems to have nabbed the role.
Watchers will note Citi also ran AusNet’s $18.2 billion sale, which landed with Canadian Brookfield, but on the way served up plenty of entertainment in APA’s attempts to break due diligence exclusivity.
APA is the lead contender at Basslink, and it will be interesting to see what other infrastructure types the sale process draws out.
Lastly, we’ve spotted a nuts-and-bolts industrial called Adrad on its way to the ASX boards, with the regular pre-IPO set of Ellerston and Perennial in tow.
Macquarie Capital’s ramping up round two for its sister division’s Australian telecommunications towers group Axicom, ushering hopefuls into the auction’s second round and calling for binding bids in March.
Basslink receiver KPMG has called in the artillery as it ramps up plans to recoup about $700 million owed to the failed group’s banks and other creditors.
South Australian radiator and heat transfer solutions company Adrad has raised $20 million in a convertible note, ahead of an initial public offering before June.
