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Kestelman-backed Petra takes stake in premium wood floor business

Rich Lister Larry Kestelman’s private equity firm Queens Lane Capital has added timber flooring to its stone and tile businesses roll-up.

Petra Industries has bought a majority stake in timber flooring business Woodcut. Andrew Quilty

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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
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com

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Original URL: https://www.afr.com/street-talk/kestelman-backed-petra-takes-stake-in-premium-wood-floor-business-20210208-p570k6