Street Talk

UBS back for a touch-up at Adore Beauty

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 11, 2023 – 5.36pm

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It’s back to the future at Adore Beauty, which floated at $6.75 a share three years ago and sunk to just 82¢ as of Wednesday evening.

Street Talk can reveal Adore Beauty has hired UBS as its defence adviser, bringing the Swiss bank’s operatives into the tent after the team helped founder Kate Morris and Quadrant Growth Fund list the company on the ASX boards in October 2020.

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.