Street Talk
Lazard Private Equity puts Geotech Group on block
Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell
Updated
Geotech Group - owned by Tanarra Capital, the rebadged Lazard Private Equity - is up for sale.
The civil engineering and contracting group which owns the No.2 rail construction business in Australia, Coleman Rail, is forecast to make $220 million in revenue in financial year 2015 on earnings before interest and tax of $25 million, according to a sale flyer sent to potential buyers and obtained by Street Talk.
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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
Jake Mitchell is a former Fairfax Media journalist.
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