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Coventry Group in $27 million raise to fund NZ acquisition

Industrial parts supplier Coventry Group is set to kick off a capital-raising to fund the acquisition of New Zealand-based metal fasteners manufacturer Steelmasters, Street Talk understands.

Bell Potter is acting as corporate adviser on Coventry Group’s $27 million capital raise. Louise Kennerley

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/coventry-group-in-27-million-raise-to-fund-nz-acquisition-20240415-p5fjtc