Australian private equity firms may shun IPOs
Thursday, 29 April 2010
MELBOURNE, Apr 28 (Reuters): Private equity firms looking to sell some of their mid-size Australian businesses are finding strong enough interest from trade buyers so that they may be able to avoid IPOs, after a poor run for recent stock market listings.
Following a two-year slump during the global financial crisis, when divestments were near impossible, private equity sales are back on the agenda as stock market valuations improve, enabling listed rivals to make bids, and as bank financing re-opens.
Following a two-year slump during the global financial crisis, when divestments were near impossible, private equity sales are back on the agenda as stock market valuations improve, enabling listed rivals to make bids, and as bank financing re-opens.