Houlihan Lokey is poised to test buyer appetite for Adamantem Capital’s horse feed business, Hygain, which has been in the Sydney buyout fund’s stable since 2017 and is slated to make $130 million sales this year.
Street Talk understands the investment bank will start reaching out to an extensive list of global mid-market private equity firms and strategic parties over the long weekend, offering a teaser document with updated financials and operating performance, as part of a two-stage auction.
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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
