Tasmania’s lukewarm economic growth and labour unions could shape as the albatross around the neck of Allegro’s dealmakers, as they chart choppy waters to secure their hoped-for $500 million exit at freight owner Strait Link.
Street Talk understands Strait Link has attracted the interest of at least four core-plus infrastructure investors ahead of the deadline for non-binding indicative bids next week. However, the question of how to value the business looms large over the sale process run by UBS and Stanton Road Partners.
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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
