Good evening,

Street Talk has spotted a PE firm lurking around Ansell’s old condoms business.

LifeStyles Healthcare left Ansell’s stables five years ago to a PE consortium including China’s CITIC, who paid $US600 million. This time last year, the crew stripped out LifeStyles’ China assets and boomeranged it back to the auction block, crossing their fingers for a $US500 million price tag.

The latest suitor is an American private equity firm, and so the ownership isn’t coming back to Australian hands anytime soon.

But LifeStyles condoms will continue to be stocked in convenience stores, supermarkets and the like.

Over in the listed world, we checked the pulse on Potentia Capital’s interest in Tyro and found it alive and kicking. The situation at Infomedia was the polar opposite, before the September 30 deadline for binding bids.

Sources said TA Associates/Viburnum and Solera had met Infomedia’s management this week, and of course the stock closed 4.4 per cent higher. But most investors reckoned chances of a $1.70 bid tomorrow are slim, and today’s trading nothing more than a relief rally.

Elsewhere, marketing tech business Rokt was meeting investment banks for its Nasdaq listing, Wiluna Mining’s bids were pushed out and there was a new gas play on the pre-IPO circuit.

Happy reading,

Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Street Talk Editors