Australia’s third-biggest rural supplies group Delta Agribusiness has hired UBS to find a deep-pocketed new investor, who will be able to replace its private equity backer and help bankroll slated growth.
Street Talk can reveal Delta Ag has called in the bankers to run what’s expected to be a two-part process, likely to kick off in coming months and targeting private equity firms, private capital players and even bigger retail groups.
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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
