Alternatives investing platform iPartners has joined the rescue squad trying to hose down the latest dumpster fire at Bis Industries, the underground coal mining equipment provider owned by The Carlyle Group and Varde Partners.
BIS Industries, which provides mine-site trucking to some of Australia’s largest coal and iron ore miners, has debt maturing in July.
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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
