Street Talk

Binding bids incoming for IT services outfit Nexon Asia Pacific

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 23, 2025 – 1.57pm

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EQT Partners’ auction for its IT services business is in the final stretch.

Binding offers for Nexon Asia Pacific were due to be submitted to sell-side adviser Houlihan Lokey this week, and as foreshadowed by Street Talk on July 8, it’s Sydney buyout firm Pacific Equity Partners duking it out with local rival Adamantem Capital.

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.