Fund manager Morrison & Co appears on track for another tidy payday at dual-listed infrastructure vehicle Infratil, this time thanks to its investment in retirement villages group RetireAustralia.
It is understood indicative bids landed for RetireAustralia last week, and the numbers were significantly higher than the $618 million Infratil and co-investor NZ Super paid to buy the business in 2014.
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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
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
