Sanjeev Gupta’s Australian steelmaker and distributor Infrabuild is pitching credit funds for a capital injection worth about $200 million.
As first reported by Street Talk on Tuesday, Infrabuild has mandated advisory firm Record Point to spearhead the pitch, and has been in back and forth talks with a handful of credit funds about the capital raising.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
