Costa Group, the country’s largest horticultural company, is set to call time on the ASX with the board on track to recommend a takeover offer from New York private equity firm Paine Schwartz Partners as early as this week.
Advising Paine, which floated Costa in 2015, is Citi and Allens while Costa has engaged UBS and King & Wood Mallesons. While a transaction was yet to be signed as of Monday, sources on both sides were hopeful of an agreed deal in coming days.
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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
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
