Good evening,

Having first won over shoppers, this household name has now worked its way into investors’ hearts ... and wallets.

Direct-to-consumer (DTC) toilet paper company Who Gives A Crap is set to close its first major funding round, expected to be about $50 million.

One of the most established local DTC companies, the subscription-based business donates 50 per cent of its profits each year to charities working on clean water and sanitation projects in developing countries.

A UK-based venture capital firm is believed to have taken a stake and we wouldn’t be surprised if Index Ventures ended up on the capital table, having been one of the most active London (and San Francisco) headquartered funds in the local market.

Elsewhere, a 15 per cent stake in IDP Education worth $1.17 billion will come up for grabs on Wednesday; PE bigwigs are running the numbers on Kiwi pet food business Ziwi Peak; Resimac preps for another $1 billion RMBS deal and Icon Group is shaping up to be the year’s hottest private capital shootout.

Meanwhile, takeover target Hansen Technologies will front investors on Wednesday to explain its FY21 results. The group released its numbers on Tuesday night ahead of the investor call, as it has done for years, and made it pretty clear it had yet to finalise an agreement with suitor BGH Capital. It’s expected to extend due diligence and allow for more time to negotiate the transaction.

Happy reading,

Anthony Macdonald and Yolanda Redrup

Street Talk Editors