Rich lister Peter Scanlon, corporate legend Chris Corrigan and Sydney investor Sam Kaplan are stepping up their fight to buy a stake in a water fund owned by stricken listed investment company, Blue Sky Alternative Access Fund.
Just weeks after trying to buy the water assets for $42.8 million, Street Talk can reveal the trio, who worked together at port operator Patrick Corporation, are preparing to make their pitch directly to the shareholders of Blue Sky Alternative Access Fund, the LIC that holds a stake in the Blue Sky Water fund.
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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
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
