Bankers have stepped up efforts to end headless chook Tyro Payments’ 2½ year stint on the ASX-boards, pitching the business as a turnaround play to private equity funds.
PE types reckon Tyro Payments has featured prominently in banker pitchbooks since its shares dipped below $2 in February, and news that the company was losing CEO Robbie Cooke meant it’s only a matter of time before someone may be tempted to have a nibble.
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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
