Street Talk

Diligence issues hinder Macquarie, Green Investment Bank deal

Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

Updated Dec 1, 2016 – 12.02am, first published at Nov 30, 2016 – 2.38am

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It has been eight months since this column revealed Macquarie was preparing a bid for the UK Government's Green Investment Bank and, well, things haven't exactly moved swiftly.

GIB was set up in 2012 to invest in green energy and infrastructure projects including wind farms, waste and bioenergy and offshore renewables. Westminister decided to sell it off last year and privatisation processes normally run to a strict timetable.

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.

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.

Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services.