Sunday, May 23, 2021

From the desk of Leigh Golombick - M&A in Oz

From the desk of 



M&A/ECM Update: 
- SocietyOne are expected to set an offer price for its planned IPO in a range between $2.75 and $3.25 per share. This will give the Aus personal lender a valuation of around $230m. The company is seeking to raise $60m
- The Vic Gov has appointed Morgan Stanley to manage the privatisation process of its motor registry unit VicRoads. They expect three firms to commence an auction process later this year, with infrastructure funds such as Macquarie Infrastructure and Real Assets, Utilities Trust of Australia, The Infrastructure Fund, and Aware Super
- Lendlease , GPT, Brookfield and Investa are considered the main contenders to take control of AMP Capital Wholesale Office Fund (AWOF)
- Wavenet, a UK-based cloud telecoms services provider generating turnover of more than GBP 60m, has been sold by private equity backer Beech Tree to Macquarie Capital Principal Finance
- One Rail Australia owners Macquarie Infrastructure and Real Assets (MIRA) and PGGM have started sending marketing materials to seek potential buyers of the Australia rail freight and coal transport company One Rail Australia. This is one of the biggest rail operators in Aus and could be valued at more $2.5bn. #finance #investment #infrastructure #mergers #acquistions

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