Bidders in the $2 billion auction for a stake in Zenith Energy, a provider of remote power solutions to mining giants, are getting their ducks in a row.
Just days after Zenith’s owners – Pacific Equity Partners, Canadian pension fund OPTrust and Foresight Partners – mailed out the sale flyer, Street Talk can reveal a couple of sector gorillas – keen to get on the front foot given the size of equity cheque required – have mandated financial advisers for help with due diligence and funding.
Loading...
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
