Street Talk

Allegro Funds to sell Questas for close to $400m to domestic sponsor

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 4, 2025 – 11.35am

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Allegro Funds’ bet on Australia’s booming hydraulics and water sector is about to pay off.

Street Talk understands Allegro dealmaker Johan Krynauw has granted rival sponsor Five V Capital exclusivity to acquire its hydraulics and water brands owner Questas Group. This comes six years after the turnaround private equity specialist invested in the industrials business alongside founder Kede Carboni.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.