Tyro is the latest smashed-up tech stock to become easy pickings for private equity, which has plenty of dry powder and is roaming the ASX for bargains.
Tyro Payments has joined the clutch of beaten-down technology companies targeted by private equity bargain hunters.
Tyro was hit with a low-ball bid from a consortium led by Tim Reed’s Potentia at 5.30pm on Wednesday thanks to the heavy involvement of Grok Ventures, the private investment vehicle controlled by software billionaire Mike Cannon-Brookes.
Loading...
Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
